Wells Fargo, Merrill Lynch, LPL settle SEC charges
Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...
Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges
Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S.
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges
The firms failed to adopt and implement policies and procedures to consider the best interests of their clients, SEC said in a statement. The firms did not admit or deny the SEC's findings, according ...
Financial Planning14d
Wells Fargo, Merrill settle SEC 'sweeps' probe for $60M
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 their money in "cash ...
WealthManagement.com14d
Wells Fargo, Merrill Lynch Pay $60M to Settle Cash Sweep Charges
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 sweep programs.
Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC
Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were ...
Wells Fargo advisory firms, Merrill Lynch to pay $60M to settle SEC charges
The Securities and Exchange Commission on Friday announced settled charges against registered investment advisers Wells Fargo Clearing Services ...