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SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products......»»

Category: topSource: reutersFeb 27th, 2020

U.S. SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk products......»»

Category: topSource: reutersFeb 27th, 2020

U.S. CFTC orders Wells Fargo Bank to pay $14 million over alleged violations

The U.S. Commodity Futures Trading Commission has ordered a Wells Fargo & Co unit to pay more than $14 million over alleged multiple swap dealer business conduct standards violations, the agency said in a statement on Friday......»»

Category: topSource: reutersNov 8th, 2019

Former Wells Fargo trader alleges pay incentives could have led to foreign-exchange overcharges

Wells Fargo & Co.’s former top currency trade.....»»

Category: topSource: latimesApr 16th, 2018

Wells Fargo fined by SEC over investment sales misconduct

(Reuters) - Wells Fargo & Co will pay more than $5.1 million to settle U.S. Securities and Exchange Commission charges it improperly pushed retail customers to actively trade complex investments in order to generate higher fees......»»

Category: topSource: reutersJun 25th, 2018

Wells Fargo To Pay $35M For Recommending High Risk Investments To Vulnerable Clients

The United States Securities and Exchange Commission has ordered Wells Fargo & Company (NYSE: WFC) to pay $35 million in compensation to some of the bank's clients. read more.....»»

Category: blogSource: benzingaFeb 28th, 2020

Wells Fargo to pay $35M to settle lawsuit on risky ETF recommendations

Wells Fargo & Co. agreed to pay $35 million to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients......»»

Category: topSource: foxnewsFeb 27th, 2020

The Wall Street Journal: Wells Fargo will settle regulatory investigation of ETFs for $35 million

Wells Fargo & Co. agreed to pay $35 million to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients......»»

Category: topSource: marketwatchFeb 27th, 2020

Morgan Stanley Fires FX Traders Overt $140 Million Loss

Morgan Stanley Fires FX Traders Overt $140 Million Loss 2019 has been a 'volatile' year for traders in the foreign exchange markets, if not for actual currencies. After early year chaos amid trade w.....»»

Category: blogSource: zerohedgeNov 29th, 2019

Curt Schilling fraud case to cost Wells Fargo more than $800K

Wells Fargo Securities has agreed to pay more than $800,000 to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Arizona Diamondbacks pitcher Curt Schilling’s video game company. The.....»»

Category: topSource: bizjournalsMar 22nd, 2019

Wells Fargo agrees to $800,000 penalty in 38 Studios case

Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company......»»

Category: topSource: foxnewsMar 19th, 2019

Goldman Sachs to pay $110M to state and the Fed for FX trades

Goldman Sachs Group Inc. has agreed to pay about $110 million to resolve allegations that its foreign-exchange traders improperly shared information about client orders on an electronic chat room,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 1st, 2018

SEC fines Wells Fargo Advisors over investment sales

(Reuters) - The U.S. Securities and Exchange Commission on Monday said Wells Fargo Advisors LLC agreed to pay more than $5.1 million to settle charges of misconduct in the sale of so-called market-linked investments to retail investors......»»

Category: topSource: reutersJun 25th, 2018

Wells Fargo fined $4 million by SEC over charges of improper sales

Wells Fargo was fined $4 million by the Securities and Exchange Commission over charges its advisory unit generated large fees by improperly encouraging retail cu.....»»

Category: topSource: marketwatchJun 25th, 2018

SEC fines Wells Fargo Advisors over investment sales

The U.S. Securities and Exchange Commission on Monday said Wells Fargo Advisors LLC agreed to pay more than $5.1 million to settle charges of misconduct in the sale of so-called market-linked investments to retail investors......»»

Category: topSource: moneycentralJun 25th, 2018

Wells Fargo investment arm reaches $5M settlement with SEC

Wells Fargo Advisors, the brokerage subsidiary of Wells Fargo & Co., has agreed to pay $5.1 million to settle charges of misconduct in the sale of so-called market-linked investments (MLIs) to retail investors, the U.S. Securities and Exchange Comm.....»»

Category: topSource: bizjournalsJun 26th, 2018

New Mexico sues Wells Fargo

State Attorney General Hector Balderas sued the biggest bank doing business in New Mexico Wednesday, alleging illegal business practices by Wells Fargo that harmed thousands of New Mexico citizens and violated the New Mexico Unfair Trade Practices Act......»»

Category: topSource: bizjournalsAug 17th, 2018

Wells Fargo settles SEC lawsuit over Curt Schilling"s 38 Studios

Wells Fargo & Co agreed to settle a U.S. Securities and Exchange Commission fraud lawsuit related to a $75 million bond offering for 38 Studios Inc, a now-bankrupt video game company founded by former All-Star major league baseball pitcher Curt Schilling......»»

Category: topSource: moneycentralJan 14th, 2019

E-Trade price target raised to $39 from $35 at Wells Fargo

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 24th, 2020

Wells Fargo profit decimated as coronavirus boosts loan-loss provisions

The fourth-largest U.S. lender's quarterly profit fell to $42 million, or 1 penny per share, from  $5.51 billion, or $1.20 per share, a year earlier......»»

Category: topSource: foxnewsApr 14th, 2020