WASHINGTON (AP) -- President Donald Trump says government fines and penalties against Wells Fargo "will not be dropped" and is warning that they could be "substantially increased."...

BING NEWS:
  • Wells Fargo, Merrill Lynch, LPL settle SEC charges
    Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.
    01/21/2025 - 5:59 am | View Link
  • SEC fines Wells Fargo $35M, Merrill Lynch $25M over improper cash sweeps
    Wells Fargo and Merrill Lynch will pay $35 million and $25 million, respectively, to settle allegations by the Securities and Exchange Commission that their handling of investment accounts' cash sweep ...
    01/20/2025 - 11:51 pm | View Link
  • Wells Fargo and Bank of America Agree to Pay Combined $60 Million to Settle SEC Probe
    In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting or denying any wrongdoing.
    01/17/2025 - 6:15 am | View Link
  • Wells Fargo, Merrill Lynch Pay $60M to Settle Cash Sweep Charges
    The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.
    01/17/2025 - 4:59 am | View Link
  • SEC slams Wells Fargo, Merrill with $60 million in penalties over clients’ cash
    “Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs, or BDSPs, as the only cash sweep option for most advisory clients and received a significant financial benefit from ...
    01/17/2025 - 4:12 am | View Link
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