Estimated reading time: 0 minutes, 22 seconds

Wells Fargo Hit with $5M Fine

Thursday, Sep 25 2014
Regulatory & Compliance
Written by  PFA News

Wells Fargo will pay a $5 million fine and admit to charges that it had inadequate measures in place to stop workers from illegal insider trading. So reports the Chicago Tribune.

The Securities and Exchange Commission, which has alleged that the firm lacked sufficient controls regarding insider trading, also maintains that Wells Fargo altered documents that the regulator had requested as part of the probe into the matter.

Read the full article from the Chicago Tribune.  

Read 5404 times
Rate this item
(0 votes)
More in this category: « NASAA Group to Scrutinize Broker Fee Disclosures SEC Considering Additional Fund Rules »

Visit other PMG Sites: