Wells Fargo Says SEC Is Investigating Sales Practices

Wells Fargo & Co. said the Securities and Exchange Commission is among regulators investigating the bank's sales practices following a scandal involving employees opening unauthorized customer accounts.

"The company has responded, and continues to respond, to requests from a number of the foregoing seeking information regarding these sales practices and the circumstances of the settlements and related matters," San Francisco-based Wells Fargo said Thursday in a quarterly regulatory filing.

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