Wells Fargo fined by SEC for brokers 'flipping' investments before they matured

in life •  6 years ago 

Wells Fargo & Co. will pay $5.1 million to settle a U.S. regulator’s claims that employees abused clients by persuading them to sell certain investments before maturity, generating large fees for the lender.
ref:http://www.latimes.com/business/la-fi-wells-fargo-flipping-20180625-story.html

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