Former Wells Fargo Compliance Officer Charged With Unauthorized Document Alteration

Posted on October 27th, 2014 at 11:39 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

The SEC announced an enforcement action against a former Wells Fargo Advisors compliance officer for altering documents without authorization during an investigation by the SEC.

According to the SEC’s order, Judy K. Wolf was responsible for identifying potentially suspicious trading by Wells Fargo personnel or the firm’s customers and then analyzing whether the trades was based on material nonpublic information. 

According to the SEC, Wolf created a document in September 2010 to summarize her review of a particular Wells Fargo broker’s trading, and closed her review with no findings. 

The SEC alleges that Wolf altered that document in December 2012 after the SEC charged the broker with insider trading.  By altering the document, Wolf made it appear that she had performed a more thorough review in 2010 than she actually had. 

Prior to the enforcement action, Wells Fargo placed Wolf on administrative leave and ultimately terminated her employment.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: SEC IAC, SEC, Securities and Exchange Commission, IAC, Investor Advisory Committee, Wells Fargo, Judy K. Wolf

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.


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