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Will Wells Fargo face regulatory penalties by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Public announcements or filings by regulatory bodies such as FINRA or SEC
Story
Wells Fargo Fires Over a Dozen Employees in June 2024 for Faking Work Activity
Jun 13, 2024, 01:45 PM
In June 2024, Wells Fargo terminated more than a dozen employees after an investigation revealed they were simulating keyboard activity to give the impression of active work. The employees, all from the firm's wealth- and investment-management unit, were found to be using methods such as mouse movers to fake their work activity. This action was reported in a Finra filing and highlighted by Bloomberg's Hannah Levitt.
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Related to remote work practices • 33%
Related to financial misconduct • 33%
Other reasons • 34%
Yes, against one more bank • 33%
Yes, against two or more banks • 33%
No additional actions • 33%
Outperform S&P 500 • 33%
Match S&P 500 • 33%
Underperform S&P 500 • 33%
