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Rigrodsky & Long, P.A. announces that it has launched an investigation on behalf of the shareholders of Wells Fargo & Company (“Wells Fargo” or the “Company”)(NYSE: WFC) with respect to whether the Company and certain of its officers and/or directors have possibly violated the federal securities laws.
Wells Fargo is the United States’ biggest home lender, and the fourth-largest United States bank by assets. On February 28, 2012, the Company filed its annual report for the period ended December 31, 2011, in which it disclosed its receipt of a Wells Notice from the United States Securities and Exchange Commission (“SEC”), concerning its disclosures in mortgage-backed securities offering documents. A Wells Notice is a letter sent by the SEC when it is planning to bring an enforcement action, and provides the person or firm with an opportunity to provide information why such action should not be brought.