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November 14, 2017
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Blog, Securities Fraud
SEC Fines Wells Fargo Advisors $3.5 Million for Reporting Violations The Securities and Exchange Commission imposed a $3.5 million penalty on Wells Fargo Advisors for anti-money-laundering reporting violations on Monday. The regulator alleges that beginning in March 2012, new managers pressured compliance officials to
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September 30, 2016
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Blog
Wells Fargo Advisors Ordered to Pay A FINRA arbitration panel has ordered Wells Fargo Advisors to pay a former client more than $262,000 for failing to promptly liquidate his brokerage account, according to a recent FINRA filing. Jeffrey Ball, a Los Angeles psychologist, allegedly gave the firm written instructions to
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September 9, 2011
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Blog, Securities Fraud
According to the Baltimore Sun, Ralph Edward Thomas Jr. pleaded guilty “to mail fraud in connection with the theft of more than $800,000 from accounts he managed for a child suffering from cerebral palsy and for an elderly client with dementia.” All but $75,000 of that money was said to be stolen from trust
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