
The Securities and Exchange Commission announced that Wells Fargo Securities LLC agreed to settle allegations that Wachovia Capital Markets LLC engaged in misconduct in the sale of two collateralized debt obligations tied to the performance of residential mortgage-backed securities as the U.S. Housing market was beginning to show signs of distress in late 2006 and early 2007. For more info visit https://www.sec.gov/news/press/2011/2011-83.htm