SEC v. Judy K. Wolf (2015)

Judgment entered

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In 2015, an SEC administrative law judge found that Judy K. Wolf, a Wells Fargo Advisors compliance officer, willfully aided and abetted the firm's recordkeeping and record-production violations by altering a document of her trading review, but declined to impose any sanction.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-16195
Date filed	2015-08-05
Date resolved	2015-08-05
Court	SEC administrative law judge
Status	judgment
Criminal parallel	No
Defendants	Judy K. Wolf (individual)
Cited as charged or alleged	Advisers Act s.204A ; Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.14(e) and Rule 14e-3 ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Securities and Exchange Commission announced this matter on August 5, 2015 as an administrative law judge initial decision (File No. 3-16195). The respondent named is Judy K. Wolf (1 individual). The October 2014 order instituting proceedings had alleged that Wolf altered a summary of her review of a registered representative's trading before it was produced to Commission staff investigating possible insider trading. After a hearing in February 2015, the judge found that she willfully aided and abetted and caused Wells Fargo Advisors' violations of Exchange Act Section 17(a) and Rule 17a-4(j) and Advisers Act Section 204(a), and decided that no sanction was warranted.

The finding concerns altering a record, not trading or tipping; the surveillance report the decision calls a "front running report" is a firm document Wolf used in her review. This library therefore does not tag the matter as insider trading, front running or any other technique. Earlier text on this record that described it as dismissed was wrong: violations were found and only the sanction was declined.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2015-08-05 Initial decision

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2014-10-15	SEC	SEC v. Judy K. Wolf (2014)	Dismissed
2015-08-05	SEC	SEC v. Judy K. Wolf (2015)(this record)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.