SEC spanks Wells Fargo Advisors with $35M penalty for excessive fees
Some Wells Fargo Advisors clients never got promised discounts, according to the regulator.
The Securities and Exchange Commission Friday penalized Wells Fargo Advisors $35 million for overcharging advisory fees to certain clients who opened accounts prior to 2014 through the end of December 2022.
"Certain financial advisors from Wells Fargo and its predecessor firms agreed to reduce t
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