Daily News: February 28, 2014

WSJ: Wells Fargo Ordered to Pay Ex-Broker Nearly $1MM

The Wall Street Journal reported an arbitration panel ordered Wells Fargo & Co. to pay a former broker nearly $1 million in damages and legal fees following an employment dispute over an alleged forged document.

According to the Journal , Wells Fargo had demanded Michael Ken Hawkes pay back $76,151 with interest on a promissory note after he left the firm in 2010, following the firm’s allegation that he had forged a client’s signature on some paperwork. Hawkes called the forgery allegation bogus, and charged that he was wrongfully terminated, asking for $1.4 million in damages, the Journal added.

To read the entire Journal article, click here.