SEC rejects bid for Wells Fargo, Bank of America to identify potential high-risk employees

  • by: MICHAEL VIRTANEN , Associated Press
  • Updated: February 24, 2014 - 5:10 PM

ALBANY, N.Y. — The Securities and Exchange Commission has rejected shareholder proposals from New York's comptroller that would have asked two major banks to disclose which employees are capable of exposing them to major losses because of their portfolios and bonus incentives.

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT