Wells Fargo, Merrill Lynch, LPL settle SEC charges
Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...
Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges
The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have ...
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges
The firms failed to adopt and implement policies and procedures to consider the best interests of their clients, SEC said in ...
WealthManagement.com13d
Wells Fargo, Merrill Lynch Pay $60M to Settle Cash Sweep Charges
The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.
Wells Fargo advisory firms, Merrill Lynch to pay $60M to settle SEC charges
The Securities and Exchange Commission on Friday announced settled charges against registered investment advisers Wells Fargo Clearing Services ...
Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC
Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were ...
Financial Planning13d
Wells Fargo, Merrill settle SEC 'sweeps' probe for $60M
Wells Fargo and Merrill Lynch agreed Friday to pay $60 million in total to settle SEC allegations that they didn't do enough to consider clients' best interests when placing their money in "cash ...