June 26, 2018 BY Valentina Kirilova
Wells Fargo fined $4M for selling complex financial products to retail investors
The Securities and Exchange Commission (SEC) announced that Wells Fargo Advisors LLC agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors. According to the order, the SEC found that Wells Fargo generated large fees by improperly encouraging retail customers to actively trade the…
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