Metris Cos. Inc. said Tuesday that it has filed its response to a Wells Notice the company received from the Securities and Exchange Commission last month.
The notice, which also covers CEO David Wesselink and Mark Wagener, the company’s controller, concerns the company’s reporting of loan loss allowances in 2001 as well as Minnetonka-based Metris’ valuation of retained interests in secured loans. That SEC investigation was disclosed by Metris in August 2003.
For this complete story, please visit Metris Files Response to Wells Notice.
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