SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch …
3 days ago · The firms agreed to settle the SEC’s charges and pay $60 million in total civil penalties. According to the SEC’s orders, Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs (BDSPs) as the only cash sweep option for most advisory clients and received a significant financial benefit from advisory client cash in the BDSPs.
SEC.gov | Wells Fargo and LPL Financial Charged for Submitting ...
Dec 20, 2024 · The Securities and Exchange Commission today announced settled charges against Wells Fargo Clearing Services LLC and LPL Financial LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC.
Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC …
2 days ago · A spokesperson for Wells Fargo, which agreed to pay $35 million across two firms, said in a statement: "Our agreement with the SEC puts this broader industry matter behind us", noting the firm has ...
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC …
2 days ago · (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to ...
Wells Fargo and Bank of America Agree to Pay Combined $60 …
2 days ago · The U.S. Securities and Exchange Commission smacked Wells Fargo and Bank of America with a combined $60 million in penalties for allegedly mismanaging the cash sweeps of their clients.
Wells Fargo, Merrill Sweep Accounts Shortchanged Clients, SEC …
2 days ago · Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling uninvested cash into sweep accounts that benefited the banks but not their ...
SEC.gov | SEC Charges 11 Wall Street Firms with Widespread ...
Aug 8, 2023 · The SEC’s investigation into violations by Wells Fargo Securities, LLC, Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, was conducted by Kashya Shei and supervised by Jason H. Lee and Jeremy Pendrey of …
SEC Settles Charges Against Bank of America, Wells Fargo Units
2 days ago · The units charged by the SEC consented to the entry of orders without admitting or denying the SEC's findings. Wells Fargo Clearing Services agreed to pay a civil penalty of $28 million, Wells Fargo Advisors Financial Network agreed to pay $7 million, and Merrill Lynch, Pierce, Fenner & Smith agreed to pay $25 million.
Wells Fargo, Merrill Cash-Sweep Accounts Shortchanged Clients, SEC …
2 days ago · Wells Fargo Clearing Services agreed to pay a civil penalty of $28 million; Wells Fargo Advisors Financial Network, $7 million; and Merrill, $25 million, according to the SEC’s cease-and-desist ...
SEC and Other Regulatory Filings - Investor Relations - Wells Fargo
View reports filed by Wells Fargo with the U.S. Securities and Exchange Commission.