FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
SEC fines Wells Fargo, Merrill Lynch $60 million over cash sweep violations
|
|
Industry Regulation, Investor Protections
Tuesday, January 21, 2025
|
|
The Securities and Exchange Commission levied $60 million in civil penalties against Wells Fargo and Merrill Lynch for alleged failures related to their cash sweep programs. Specifically, the agency claimed the firms did not follow federal laws requiring investment advisors to consider clients’ best interests.
|
TO READ THE FULL STORY
|
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories