Wells Fargo Customers Get $3.4 Million in Restitution Over Sales Practices

[kreslik.news]

The Financial Industry Regulatory Authority (FINRA), the US securities industry’s self-regulator, today said that it has fined Wells Fargo & Co $3.4 million over charges that it failed to educate and train its sales force about critical aspects of certain complex financial products it sold to investors.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

FINRA found that Wells Fargo failed to implement policies to educate and train its registered representatives in connection with the sale of volatility-linked exchange-traded products (ETPs). The regulator added that due ... (read more)