SEC Fines Wells Fargo Advisors $7M Over Anti-Money Laundering Failures
By Melanie WaddellWells Fargo failed to file at least 34 suspicious activity reports in a timely manner.
April 11, 2022
Wells Fargo Appeals Arb Ruling Struck Down in CourtThe findings in the judge's order "are false and wholly unsupported by the record," Wells Fargo Advisors states.
April 05, 2022
Wells Fargo to Pay $32.5M in 401(k) SuitIt put employees' retirement assets into proprietary CITs with high fees and no track record, the suit states.
March 23, 2022
UBS Embraces WFH as Morgan Stanley Doubles Down on Office ReturnThe approach being taken by UBS should give it a recruiting advantage, recruiter Mark Elzweig says.
March 16, 2022
Ex-LPL, Wells Rep Stole $500K, Gambled With Client Money, Prosecutor SaysIf convicted of stealing over $500,000 from clients, the barred broker faces a maximum of 65 years in prison.
March 10, 2022
Sen. Warren Presses FINRA's Cook on Wells Fargo Arb RulingWarren and Rep. Katie Porter, D-Calif., say Cook failed to answer earlier questions about FINRA's handling of the case.
February 25, 2022
Wells Fargo Appeals FINRA Arb Ruling Struck Down in CourtWells Fargo is appealing a Georgia judge's ruling that Wells Fargo and its counsel manipulated FINRA's arbitrator selection process.
February 02, 2022
Wells Fargo 'Manipulated' FINRA Arbitration Process: JudgeFINRA allowed one lawyer to "secretly red line" the list of arbitrators under consideration, according to a ruling.