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"Areal Flood Advisory, Flash Flood Watch, Coastal Flood Advisory" The National Weather Service in Upton NY has issued a * flood advisory for... southern New London County in southern Connecticut... southern Middlesex County in southern Connecticut... central Suffolk County in southeastern New York... * until 800 am EST. * At 454 am EST, Doppler radar indicated moderate to heavy rain moving into the region. Isolated thunderstorms with heavy rain are also possible. This will cause minor flooding in the advisory area. Around one-half inch of rain has fallen in the last 3 hours and additional rainfall of around one inch is expected over the area. Precautionary/preparedness actions... Be especially cautious at night when it is harder to recognize the dangers of flooding. Lat...Lon 4142 7180 4141 7184 4134 7183 4133 7190 4109 7190 4108 7186 4104 7187 4087 7235 4063 7319 4075 7289 4071 7310 4071 7312 4097 7290 4100 7260 4113 7237 4131 7259 4137 7256 4145 7240 4152 7179 Met 337 am EST sun Jan 20 2019 ...Flash Flood Watch remains in effect until 1 PM EST this afternoon... The Flash Flood Watch continues for * portions of southern Connecticut, northeast New Jersey, and southeast New York, including the following areas, in southern Connecticut, southern Fairfield, southern Middlesex, southern New Haven, and southern New London. In northeast New Jersey, eastern Bergen, eastern Essex, eastern Passaic, eastern Union, Hudson, western Essex, and western Union. In southeast New York, Bronx, Kings (brooklyn), New York (manhattan), northeastern Suffolk, northern Nassau, northern Queens, northwestern Suffolk, Richmond (staten island), southeastern Suffolk, southern Nassau, southern Queens, southern Westchester, and southwestern Suffolk. * Until 1 PM EST this afternoon * moderate to locally heavy rain will continue through early this afternoon. Total amounts of 1 1/2 to 2 1/2 inches are possible, which may result in flooding of urban areas, and flashy streams. * Any fresh water flooding will be exacerbated by coastal flooding during the Sunday morning high tide. Precautionary/preparedness actions... A Flash Flood Watch means that conditions may develop that lead to flash flooding. Flash flooding is a very dangerous situation. You should monitor later forecasts and be prepared to take action should flash flood warnings be issued. 554 PM EST Sat Jan 19 2019 ...Coastal flood advisory remains in effect from 6 am to 1 PM EST Sunday... * locations...vulnerable coastal locations along Long Island Sound, the East River, Peconic and gardiners bays. * Tidal departure...around 2 ft above astronomical tides. * Coastal flood impacts...shallow flooding is expected in the most vulnerable locations near the Waterfront and shoreline. Expect around 1 to 2 feet of inundation above ground level in low lying, vulnerable areas. Some roads and low lying property including parking lots, Parks, lawns and homes/businesses with basements near the Waterfront will experience shallow flooding. * Shoreline impacts...breaking waves of 2 to 4 ft will result in beach erosion with minor damage possible to dune structures along the Connecticut shoreline. * Timing...around the times of high tide Sunday morning. Precautionary/preparedness actions... A coastal flood advisory indicates that onshore winds and tides will combine to generate flooding of low areas along the shore. Time of high total tides are approximate to the nearest hour. Bridgeport CT MLLW categories - minor 8.9 ft, moderate 10.4 ft, major 11.4 ft mhhw categories - minor 1.6 ft, moderate 3.1 ft, major 4.1 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/10 am 9.8/10.3 2.5/ 3.0 1.8/ 2.2 2-4 min-mod Stamford CT MLLW categories - minor 9.4 ft, moderate 11.0 ft, major 12.4 ft mhhw categories - minor 1.5 ft, moderate 3.1 ft, major 4.5 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/10 am 10.5/11.0 2.6/ 3.1 2.0/ 2.5 2-4 min-mod New Haven CT MLLW categories - minor 8.6 ft, moderate 9.2 ft, major 10.5 ft mhhw categories - minor 1.9 ft, moderate 2.5 ft, major 3.8 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/10 am 9.1/ 9.6 2.3/ 2.8 1.9/ 2.3 2-4 moderate New London CT MLLW categories - minor 5.0 ft, moderate 6.0 ft, major 7.8 ft mhhw categories - minor 1.9 ft, moderate 2.9 ft, major 4.7 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/08 am 5.2/ 5.7 2.1/ 2.6 1.8/ 2.2 2-4 minor Kings Point NY MLLW categories - minor 10.0 ft, moderate 10.5 ft, major 13.0 ft mhhw categories - minor 2.2 ft, moderate 2.7 ft, major 5.2 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/10 am 10.5/11.0 2.7/ 3.2 1.8/ 2.2 1-2 min-mod Piermont NY MLLW categories - minor 6.4 ft, moderate 7.4 ft, major 8.4 ft mhhw categories - minor 2.4 ft, moderate 3.4 ft, major 4.4 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/09 am 5.1/ 5.6 1.1/ 1.6 1.2/ 1.7 0 none Old Field NY MLLW categories - minor 9.2 ft, moderate 10.2 ft, major 12.2 ft mhhw categories - minor 1.9 ft, moderate 2.9 ft, major 4.9 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/10 am 9.7/10.2 2.4/ 2.9 1.8/ 2.3 1-2 minor Glen Cove NY MLLW categories - minor 10.1 ft, moderate 11.1 ft, major 13.1 ft mhhw categories - minor 2.2 ft, moderate 3.2 ft, major 5.2 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/10 am 10.3/10.8 2.3/ 2.8 1.5/ 2.0 1-2 minor Montauk NY MLLW categories - minor 4.5 ft, moderate 5.3 ft, major 7.0 ft mhhw categories - minor 2.0 ft, moderate 2.8 ft, major 4.5 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/08 am 4.7/ 5.2 2.2/ 2.7 1.9/ 2.3 1-2 minor Riverhead NY MLLW categories - minor 5.6 ft, moderate 6.3 ft, major 7.1 ft mhhw categories - minor 2.3 ft, moderate 3.0 ft, major 3.8 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/11 am 5.7/ 6.2 2.5/ 3.0 2.1/ 2.6 0-1 min-mod Orient Point NY MLLW categories - minor 4.7 ft, moderate 5.7 ft, major 6.7 ft mhhw categories - minor 1.9 ft, moderate 2.9 ft, major 3.9 ft total total departure day/time tide tide from norm waves flood ft MLLW ft mhhw ft ft impact -------- --------- --------- --------- ------- -------- 20/09 am 5.1/ 5.6 2.2/ 2.7 1.8/ 2.2 2-4 minor -- Sunday Jan.20 19,07:49 AM

A.G. Underwood Announces $65 Million Settlement with Wells Fargo for Misleading Investors Regarding Cross-Sell Scandal

LongIsland.com

Wells Fargo Failed to Disclose to Investors that Success of Cross-Sell Efforts was Built on Misconduct – Such as Opening Millions of Fake Deposit and Credit Card Accounts; NY Investors Lost Millions when Misconduct was ...

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New York, NY - October 22, 2018 - Attorney General Barbara D. Underwood announced today that Wells Fargo & Company will pay a $65 million penalty following the Attorney General’s investigation into the bank’s fraudulent statements to investors in connection with its “cross-sell” business model, related sales practices, and the bank’s publicly reported cross-sell metrics. 
 
“The misconduct at Wells Fargo was widespread across the bank and at every level of management – impacting both customers and investors who were misled,” said Attorney General Underwood. “State securities laws are vital to protecting the hard-earned savings of working families and Main Street investors from financial fraud, and my office will continue to do what’s necessary to protect the public and the integrity of our markets.”
 
“Cross-sell” refers to the process of selling new financial products and/or services to an existing customer. Wells Fargo represented to investors its ability to increase revenues and better serve customers by pursuing its purportedly superior cross-sell strategy; it also regularly reported cross-sell metrics that supposedly reflected the success of that strategy.
 
However, Wells Fargo failed to disclose to investors that the success of its cross-sell efforts was built on sales practice misconduct at the bank. Driven by strict and unrealistic sales goals, employees in Wells Fargo’s Community Bank division engaged in fraudulent sales practices, including the opening of millions of fake deposit and credit card accounts without customers’ knowledge. Through a significant incentive compensation program, employees who met these targets were eligible for promotions and bonuses, while employees who did not meet the sales targets faced relentless pressure and even termination.
 
Today's settlement notes that Wells Fargo made numerous misrepresentations to investors over many years, and failed to disclose its knowledge of systemic problems pervading the bank’s sales practices. In one email from June 2011, a member of the incentive compensation team acknowledged this misconduct by Wells Fargo employees, stating that “I’ve asked bankers… why people cheat… it’s because their manager tells them they’ll be fired if they don’t hit their minimums.” 
 
Beginning as early as 2011, Wells Fargo’s Board of Directors received reports that described increasing numbers of allegations of this sales practice misconduct by its employees. In Congressional testimony, Wells Fargo’s former CEO stated that he personally became aware of widespread fraud by Wells Fargo employees in 2013. Yet Wells Fargo failed to disclose to investors the misconduct at the heart of the bank’s vaunted cross-sell business model. When the truth was publicly disclosed, New York investors lost millions of dollars. 
 
The Attorney General, through the office’s Investor Protection Bureau, is charged with enforcing the New York State securities law (commonly known as the Martin Act), to protect New York investors and the integrity of the marketplace through investigations of suspected fraud in the offer, sale, or purchase of securities.
 
The Attorney General’s office is also continuing its investigation of Wells Fargo in connection with its illegal business practices of opening millions of unauthorized accounts and enrolling consumers in services without their knowledge or consent. Today’s settlement has no impact on that ongoing investigation and other pending investigations of Wells Fargo.
 
This matter was handled by Senior Enforcement Counsel Hannah K. Flamenbaum and Assistant Attorneys General Melissa Gable and Amita Singh, all of the Investor Protection Bureau, under the supervision of Investor Protection Bureau Chief Cynthia Hanawalt. Data Scientist Katie Rosman and Director Jonathan Werberg of the Research and Analytics Department also assisted in this matter. The Investor Protection Bureau is part of the Economic Justice Division, which is led by Executive Deputy Attorney General for Economic Justice Manisha M. Sheth.