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Re:Wells Fargo CEO John Stumpf Steps Down by nattofriends on Wednesday October 12, 2016 @11:18PM (#12698202)
It is enforced. See Arthur Andersen.
Re:Wells Fargo CEO John Stumpf Steps Down by travmatt on Thursday October 13, 2016 @12:10AM (#12698358)
Funnily enough, I learned about Arthur Andersen in the context of why it is not enforced.

Subsequent firms have committed far worse offenses.