Wells Fargo to pony up $79 million in deferred compensation settlement with advisers
Class action complaint alleges broker had been cheated out of deferred compensation
Wells Fargo & Co. and two of its brokerage units have agreed to a preliminary settlement to pay $79 million to bring to a close a class-action lawsuit in which an adviser had alleged he had been cheated out of $200,000 in deferred compensation.
The lead plaintiff in the claim, Robert Berry,
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