Posts Tagged ‘Wells Fargo Advisors Network’
Wells Fargo Clearing Services and Wells Fargo Financial Network Ordered to Pay Restitution Over Volatility-Linked Exchange-Traded Products
A news release published by the Financial Industry Regulatory Authority (FINRA) on October 16, 2017 reports that FINRA has ordered two broker-dealers, Wells Fargo Clearing Services and Wells Fargo Advisors Network, to pay restitution exceeding $3.4 million in connection to alleged supervisory failures and recommendations of unsuitable volatility-linked exchange-traded products (ETPs). According to its release,…
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