Worried about a Wells Notice from the SEC

Jake Claver

If you've ever wondered what a Wells Notice is, then this video is for you! In simple terms, a Wells Notice is a notification from the Securities and Exchange Commission (SEC) that an investigation into possible securities law violations may be taking place. Learn more in this informative video.

Transcript

00:00What is a Wells Notice? If the SEC thinks you're guilty of something, sometimes before they actually

00:06file against you, they will send you a Wells Notice. And it's basically a message saying,

00:11hey, come here, let's talk about things before we actually pursue you. You might be wondering,

00:16why is it called a Wells Notice? It was originally proposed by a committee that was the Wells

00:20Committee back in the 1970s, and that's why it has that name. But if you do get a Wells Notice

00:26from the SEC, you just need to stay calm, present your facts, put things together in a well-formed

00:32Wells submission, and hopefully if it's done right and there really isn't a case,

00:36then they will drop all the allegations.

Category

Transcript

Recommended