Wells Fargo agrees to $813K settlement to SEC over 38 Studios complaint

Chris Bergenheim

03/19/2019

WELLS FARGO has agreed to pay $812,500 to the SEC to settle charges related to the financing of 38 Studios.

PROVIDENCE – Wells Fargo Securities LLC has agreed to a $812,500 settlement with the Securities and Exchange Commission over its role in the 38 Studios LLC debacle, according to filings in U.S. District Court in Rhode Island Monday. The federal agency previously charged R.I. Economic Development Corp. (now the R.I. Commerce Corp.), Wells Fargo Securities…

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