<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/storage/uploads/view/f0abe15ed3ef686542298e3c075ec017.jpg"></p><p>A Wells notice is a letter from the SEC indicating possible enforcement action against a person or a firm.</p>