(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.
Wells Fargo Fined By Sec Over Investment Sales Misconduct
Reuters: Business News, Reuters: Business
Mon, 06/25/2018 - 1:39pm
BING NEWS:
- SEC Penalizes Wells Fargo, LPL Financial $900,000 Each for Inaccurate Trading Data
Both companies have made efforts to improving their blue sheet data reporting by hiring more personnel, implementing new governance frameworks and strengthening reporting technology, the U.S.
12/20/2024 - 8:16 am | View Link - Wells Fargo, LPL paying $900K each over incomplete trading data to SEC
The companies admitted the SEC's findings and made remedial efforts to fix their "blue sheet" transaction reporting, the regulator said.
12/20/2024 - 7:10 am | View Link - Wells Fargo and LPL to Pay $1.8M to Settle SEC Charges
The SEC orders find that Wells Fargo and LPL violated federal securities laws' broker-dealer record-keeping and reporting provisions. Wells Fargo and LPL each admitted the findings in the respective ...
12/20/2024 - 2:48 am | View Link - Wells Fargo, LPL Financial charged for submitting deficient trading data to SEC
The SEC announced settled charges against Wells Fargo Clearing Services LLC (WFC) and LPL Financial LLC (LPLA) for failing to provide complete ...
12/20/2024 - 1:25 am | View Link - Wells Fargo Advisors, FiNet on the hook for $300,000 arbitration to clients over 'unspecified securities'
Two Wells Fargo branded broker-dealers lost an arbitration claim on Thursday to two investors who were awarded $300,000 over alleged breach of fiduciary duty and fraud related to “various unspecified ...
12/16/2024 - 6:04 am | View Link - More
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