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News Radio 920 AM & 104.7 FM - Providence's News, Traffic & Weather
 

Wells Fargo Reaches Settlement In 38 Studios Case

Mar 20, 2019

(Providence, RI)--Wells Fargo is agreeing to a settlement with the Securities and Exchange Commission over the failed 38 Studios project.Filings in federal court in Providence on Monday indicate Wells Fargo Securities will pay over 800-thousand dollars for a civil penalty to settle charges related to the state financing of the video game company.Wells Fargo does not have to admit or deny any fault as part of the agreement.


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