FINRA Fines Former Wells Fargo Rep Who Lied About Outside Accounts
By Jeff BermanThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.
August 10, 2021
Wells Fargo Names Steve Black Chairman as Noski Steps DownCharles Noski became chairman last year after Betsy Duke resigned ahead of a congressional hearing into a series of scandals at the bank.
July 08, 2021
Wells Fargo to Shut Personal Credit Lines in Shift to CardsThe bank said it's been providing existing clients with 60-day notices their accounts will be closed.
February 23, 2021
Wells Fargo to Sell Asset Management Unit for $2.1BTwo private equity firms will buy the unit.
January 22, 2021
Ex-Wells Fargo Exec to Pay $3.5M for Role in Fake Accounts ScandalFormer General Counsel James Strother once vowed to fight charges alleging he turned a blind eye to "rampant criminal and legal violations."
September 15, 2020
Ex-Broker Says Wells Fargo's Incentives Tanked His BusinessJohn Kwit, now an RIA, tells ThinkAdvisor how the wirehouse pressured him and other employees and how referrals dried up amid the fake-accounts scandal.
October 25, 2019
Wells Fargo Welcomes Next-Gen Black Advisors to the Family BusinessFour young African American advisors tell ThinkAdvisor about joining their parents' firms and how Wells Fargo is paving the way for more young minority talent.
March 06, 2019
Wells Fargo Unleashes 'Category Killer' Succession ProgramThe program includes an award for retiring reps equal to 25% of yearly fees and commissions.