San Diego, CA -- (SBWIRE) -- 09/22/2016 -- An investigation was announced for investors in shares of Wells Fargo & Co (NYSE:WFC) concerning possible breaches of fiduciary duties by certain directors at Wells Fargo & Co.

Investors who purchased shares of Wells Fargo & Co (NYSE:WFC) and currently hold any of those NYSE:WFC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain Wells Fargo & Co directors breached their fiduciary duties and caused damage to the company and its shareholders.

On September 7, 2016, the Consumer Financial Protection Bureau ("CFPB") announced that it had fined Wells Fargo & Co a record$100 million for the alleged widespread illegal practice of secretly opening unauthorized deposit and credit card accounts, citing the Company's own estimate that its employees had opened more than two million unauthorized accounts since 2011. In addition to the CFPB fine, Wells Fargo & Co agreed to pay $35 million to the Office of the Comptroller of the Currency and $50 million to the City and County of Los Angeles.

On September 12, 2016, the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that it will hold a hearing to further explore charges that thousands of the bank's employees secretly opened accounts and enrolled customers in services without their consent.

On September 13, 2016, Wells Fargo & Co announced that it will eliminate all product sales goals in its retail banking operations.

Shares of Wells Fargo & Co (NYSE:WFC) closed on September 21, 2016, at $45.83 per share.

Those who purchased shares of Wells Fargo & Co have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com