Wells Fargo & Co. has agreed to pay $11.2 million to settle SEC charges that Wachovia Capital Markets LLC sold mortgage-backed securities called collateralized debt obligations (CDOs) at prices that were 70% higher than its own estimate of the mark-to-market value of the securities, according to articles by Liz Skinner of InvestmentNews (“Wells Fargo to pony up $11.2M for allegedly overcharging Zunis, other investors”) and Dan Fitzpatrick and Jean Eaglesham of the Wall Street Journal (“Wachovia Targeted Over Sales of CDOs”).