A federal judge rejected an attempt by the Securities and Exchange Commission (SEC) to compel Wells Fargo & Co. to comply with an administrative subpoena, ordering the agency and the bank to meet to resolve their dispute over documents related to the agency's investigation of nearly $60 billion of RMBS.

The SEC had filed a subpoena enforcement action on March 23, accusing Wells of failing to respond to at least six subpoenas related to its investigation.

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