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October 9, 2018
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Blog, Securities Fraud
Family claims Wells Fargo Breached Fiduciary Duty According to reports, Sherry Webber and her farm-owning family filed a lawsuit in federal court alleging Wells Fargo breached its fiduciary duty by churning life insurance contracts. In the lawsuit the family alleges a Wells Fargo advisor engaged in churning life
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June 26, 2018
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Blog, Securities Fraud
Wells Fargo Charged with Misconduct with MLI sales According to a press announcement yesterday, the Securities and Exchange Commission charged Wells Fargo with allegedly generating large fees by improperly encouraging retail customers to actively trade market-linked investments, which were intended to be held to
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October 16, 2017
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Blog, Current Investigations
FINRA Sanctions Wells Fargo for Risky ETPs According to reports on Monday, the Financial Industry Regulatory Authority (FINRA) ordered Wells Fargo & Co. to return $3.4 million to customers after selling them inappropriate investment products. Wells Fargo brokers sold risky exchange-traded products (ETPs) to at
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April 6, 2011
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Blog, Securities Fraud
According to the Investment News, home loan giant Wells Fargo & Co. has agreed to pay $11.2 million to settle federal securities charges involving mortgage-based investments that Wachovia Capital Markets LLC sold to the Zuni American Indian tribe and other investors. According to a complaint filed by the
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