SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch …

Jan 17, 2025 · 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 …

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SEC Charges Pair Of Wells Fargo Advisory Firms And Merrill Lynch …

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Jan 17, 2025 · 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 …

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Wells Fargo Advisory Firms, Merrill Lynch To Pay $60M To Settle SEC ...

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Jan 17, 2025 · According to the SEC’s orders, Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs as the only cash sweep option for most advisory clients and …

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Wells Fargo, Merrill Lynch Pay $60M To Settle Cash Sweep Charges

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Jan 17, 2025 · The Securities and Exchange Commission has charged two registered investment advisor units of Wells Fargo and Merrill Lynch with compliance failures relating to their cash …

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SEC Slams Wells Fargo, Merrill With $60 Million In Penalties Over ...

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Jan 17, 2025 · Wells Fargo Clearing Services agreed to pay a civil penalty of $28 million; Wells Fargo Advisors Financial Network, or FiNet, agreed to pay a civil penalty of $7 million; and …

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Wells Fargo Advisory Firms, Merrill Lynch To Pay $60M To Settle SEC ...

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The firms agreed to settle the SEC’s charges and pay $60M in total civil penalties. According to the SEC’s orders, Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep …

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Wells Fargo, Merrill Fined $60M For Low Cash Sweep Rates, SEC Says

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Jan 17, 2025 · Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges that they …

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Wells Fargo, Merrill Lynch, LPL Settle SEC Charges

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Jan 21, 2025 · Dive Brief: Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million to settle charges with the Securities and Exchange Commission over …

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Wells Fargo Firms, Merrill Lynch To Pay $60 Million To Settle SEC ...

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Jan 17, 2025 · (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 …

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Wells Fargo Firms, Merrill Lynch To Pay $60M On SEC Charges

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Jan 17, 2025 · Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges over …

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SEC Fines Wells, Merrill $60 Million Combined Over Cash Sweep ...

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Jan 17, 2025 · The Securities and Exchange Commission fined Wells Fargo Advisors and Merrill Lynch a combined $60 million for failing to pay advisory customers a fair rate on cash sweeps, …

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Wells Fargo, Merrill To Pay $60 Million Penalties Over Cash Sweep …

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M errill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and Exchange Commission charges that they failed to consider the best …

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Wells Fargo Firms, Merrill Lynch To Pay $60 Million To Settle SEC ...

3 weeks from now

Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges. 1/17/25 REUTERS 14:28:47 • ... January 17, 2025 (Reuters) -Merrill Lynch and two Wells Fargo advisory firms …

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Wells Fargo, Merrill Settle SEC 'sweeps' Probe For $60M

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Jan 17, 2025 · Wells Fargo and Merrill Lynch agreed Friday to pay $60 million in total to settle SEC allegations that they didn't do enough to consider clients' best interests when placing …

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Wells Fargo Firms, Merrill Lynch To Pay $60 Million To Settle SEC ...

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Jan 17, 2025 · By Chris Prentice (Reuters) -Merrill Lynch and two Wells Fargo (NYSE: WFC) advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. …

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Wells Fargo, Merrill Lynch Fined $60 Million Over Compliance …

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4 days ago · Wells Fargo Advisors and Merrill Lynch have been penalized by the Securities and Exchange Commission over compliance failures related to cash sweep programs, according to …

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Wells Fargo And Merrill Lynch Settle SEC Charges For $60 Million

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Jan 17, 2025 · The SEC has charged Wells Fargo and Merrill Lynch for compliance failures, leading to a shared settlement of $60 million. What specific practices were criticized by the …

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Wells Fargo & Merrill Lynch Penalized $60 Million For Compliance …

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Jan 17, 2025 - Compliance & Ethics - The Securities and Exchange Commission (SEC) has recently announced settlements with Wells Fargo and Merrill Lynch over compliance failures …

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Wells Fargo Firms, Merrill Lynch To Pay $60 Million To Settle SEC …

3 weeks from now

(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 …

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Wells Fargo And Merill Lynch Paying $60,000,000 Fine For Allegedly ...

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6 days ago · Wells Fargo and Merill Lynch settled with the SEC without admitting or denying the regulator’s findings. Wells Fargo has agreed to pay a $35 million civil penalty while Merill …

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SEC Fines Wells Fargo $35M, Merrill Lynch $25M Over Improper …

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Jan 21, 2025 · Wells Fargo and Merrill Lynch will pay $35 million and $25 million, respectively, to settle allegations by the Securities and Exchange Commission (SEC) that their handling of …

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Wells Fargo’s Positive Trajectory: Remediation Progress And …

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2 days ago · Wells Fargo advisory firms, Merrill Lynch to pay $60M to settle SEC charges; Wells Fargo price target raised to $85 from $82 at Truist; Wells Fargo price target raised to $88 from …

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Wells Fargo Announces Termination Of 2022 CFPB Consent Order

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4 days ago · Wells Fargo advisory firms, Merrill Lynch to pay $60M to settle SEC charges; Wells Fargo price target raised to $85 from $82 at Truist; Wells Fargo price target raised to $88 from …

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FAQs about SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch … Coupon?

Why did Merrill Lynch and Wells Fargo pay $60 million?

Merrill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and Exchange Commission charges that they failed to consider the best interest of clients when designing automatic cash sweep programs that paid low interest rates to customers. ...

Did Wells Fargo clearing services violate the Advisers Act?

Without admitting or denying the SEC’s findings, Wells Fargo Clearing Services, Wells Fargo Advisors Financial Network, and Merrill Lynch consented to the entry of orders finding that they violated the Advisers Act and ordering them to be censured and to cease and desist from violating the charged provisions. ...

Are Wells Fargo & Merrill Lynch the same company?

Wells Fargo and Merrill Lynch, which is a unit of Bank of America, are two of the nation’s largest wealth managers, overseeing trillions of dollars in assets. Shares of Wells were down 0.5% Friday morning while shares of Bank of America were up 0.3%. ...

Does Wells Fargo charge advisory fees?

Wells Fargo maintained a duty to provide clients advice on cash and charged them an advisory fee on the cash in advisory accounts, according to the SEC. But the company’s disclosures were inconsistent, the regulator said. ...

Why has Betsy graseck rated Wells Fargo a buy?

Betsy Graseck has given her Buy rating due to a combination of factors indicating Wells Fargo’s positive trajectory. A key reason for this rating is the recent progress in Wells Fargo’s remediation efforts, as exemplified by the lifting of another consent order. ...

Is Wells Fargo a good investment?

As these issues are addressed, Wells Fargo is poised to reduce these expenses, potentially enhancing profitability. The ongoing resolution of these matters is expected to allow Wells Fargo to adopt a more growth-oriented strategy, making it an attractive investment prospect. ...