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Wells Notice

   Also found in: Wikipedia 0.01 sec.
Wells Notice
Written documentation of a coming enforcement action from the Securities and Exchange Commission to the respondent. While a Wells notice is not legally required, it has been standard practice since the 1970s.


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lt;ul> <li>State Street receives Wells Notice, may be sued by SEC over securities-law violations (<a href="http://www.
General Mills said the Wells Notice indicates that SEC staff have made a preliminary decision to recommend that the SEC bring a civil action against the company.
The IBM spokesperson said that the Wells Notice does not relate to a separate SEC investigation into IBM's 2000 and 2001 revenue-recognition practices with regards to these types of transaction.
 
 
 
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