WELLS FARGO COMPANYMN
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 5. Other Information
Trading Plans
During the three months ended September 30, 2024, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Disclosure Pursuant to Section 13(r) of the Exchange Act
Pursuant to Section 13(r) of the Exchange Act, an issuer is required to disclose in its annual or quarterly reports, as applicable, whether it or any of its affiliates knowingly engaged in certain activities, transactions or dealings relating to the Government of Iran or with certain individuals or entities that are the subject of sanctions under U.S. law. Disclosure may be required even where the activities, transactions or dealings were conducted in compliance with applicable law.
In third quarter 2024, the Company blocked and reported to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) consumer bank accounts held by certain customers who the Company determined met the OFAC definition of the “Government of Iran” because of their employment at entities owned by the Government of Iran. During the quarter, before the accounts were closed and the funds were moved to a blocked account, there was some regular consumer activity in the accounts, including customer payments, the payment of accrued interest, and account maintenance activities. The Company’s gross revenue attributable to these accounts while they were open was de minimis. The Company does not intend to engage in further activity with these accounts.
| 134 | Wells Fargo & Company |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.