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Hello friend! I've read here https://www.hg.org/legal-articles/4-tips-for-responding-to-an-sec-wells-notice-61958 that getting a Wells Notice from a securities regulator is an important step in a potentially serious enforcement action. How you respond to the Notice, called a Wells Filing, can either strengthen your defense or drastically undermine it. The contents of the Wells Statement, whether submitted by an institutional or private investor, can later be used against the target of the lawsuit if it goes to trial.
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