NOTICE TO WELLS FARGO CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation into Damages Sustained by Investors Who were Forced to Sell Securities Due to Margin Calls
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by investors with Wells Fargo & Company (NYSE:WFC) (“Wells Fargo”) accounts who were forced to sell securities due to margin calls. The investigation focuses on Wells Fargo’s potential negligence and mismanagement of leveraged accounts. Recently, investors quickly saw the major stock indices lose significant value after closing on Friday, February 21, 2020, at near 52-week highs. The market volatility has been precipitated by COVID-19. Many investment portfolios, like the stock indices, have also seen tremendous declines, leaving leveraged accounts especially at risk of margin calls.The use of securities in an investment account to collateralize margin loans exposes investors to leverage, which increases the risk in an account. Margin abuse can result in excessive use of margin loans or the failure to utilize risk management strategies to protect accou
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website