Thursday, December 15, 2011

USA - FINRA Fines Wells Fargo $2 Million For Unsuitable Sales of Convertible Securities

Uploaded by on Dec 15, 2011
The Financial Industry Regulatory Authority announced it has fined Wells Fargo Investments (NYSE:WFC) $2 million for unsuitable sales of reverse convertible securities through one broker to 21 customers, and for failing to provide sales charge discounts on Unit Investment Trust transactions to eligible customers.
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