HARTFORD, Conn. – Massachusetts became the latest state to sanction Wells Fargo over its fake-accounts scandal, with state Treasurer Deborah Goldberg removing the investment bank from its list of approved underwriters for one year.

Goldberg, who instructed the assistant treasurer for debt management to make the move against Wells Fargo Securities, also instructed staff to review contracts, investments, or any other relationships that Massachusetts may have with the bank, she said in a statement Tuesday. The commonwealth's exposure, she added, is limited compared with other states.

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