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November 29, 2009

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Bank halts selective disclosure

Monday, Jan. 31, 2000 | 11:48 a.m.

SAN FRANCISCO -- Under government pressure to give small shareholders equal access to market-moving information, Wells Fargo has decided to discontinue its quarterly conference calls with Wall Street analysts and institutional investors.

Wells holds these calls after it reports earnings. While many companies let ordinary shareholders listen to such calls, some companies, including Wells, restrict them to Wall Street insiders.

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