Wells Notice

{
  "id": "MLC-T-LAW-005216",
  "term": "Wells Notice",
  "field": "Law",
  "definition": "A formal notification sent by a securities regulator indicating the conclusion of an investigation and the intention to bring an enforcement action against a person or firm. The letter informs the recipient of the substance of the allegations and the specific laws or rules the staff believes were violated. This procedure gives the recipient a final opportunity to submit a written statement, known as a Wells submission, arguing why charges should not be filed.",
  "url": "https://mlchart.com/terminology/law/wells-notice/"
}