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Ex-Wells Fargo Rep Violated Reg BI With Options: FINRA
News November 25, 2025 at 02:52 PM
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What You Need To Know
- The rep recommended options transactions without having a reasonable basis to conclude that they would be in the client's best interest, according to FINRA.
- The transactions caused losses in the customer’s account that were later reimbursed by Wells Fargo.
- The rep also traded in at least five customers’ accounts without authorization.
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