Wagner v Wells Fargo - $2.225 million ARS Award

In May 2012, a FINRA arbitration panel in Los Angeles, CA ordered Wells Fargo to redeem at par $2.225 million of auction rate securities and to pay Claimants losses on ARS the Claimants had sold at a loss. The award was made after a hearing wherein the Claimants alleged that Respondents breached fiduciary duties and misrepresented the ARS. Mr. Meyer testified on behalf of the Claimants.

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Paul F. Meyer