Defendant Name: Wells Fargo Advisors, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Wells Fargo & Co.
SIC Code: 6021
CUSIP: 94974610

Initial Case Details

Legal Case Name In the Matter of Wells Fargo Advisors, LLC
First Document Date 13-Nov-2017
Initial Filing Format Administrative Action
File Number 3-18279
Allegation Type Broker Dealer

Violations Alleged

Securities Act
• Sec 17(a) (Not specified)
Other
• Rule 17a-8 Exchange Act

Resolutions

First Resolution Date 13-Nov-2017
Headline Total Penalty and Disgorgement $3,500,000

Related Documents:

34-82054 13-Nov-2017 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
According to the SEC, "These proceedings arise out of Wells Fargo Advisors' failure to file or timely file a number of Suspicious Activity Reports ("SARs") from approximately March 2012 through June 2013. "
34-82054-s 13-Nov-2017 Administrative Summary
SEC Charges Wells Fargo Advisors with Failing to Comply with Anti-Money Laundering Laws
The Commission stated that: "Wells Fargo Advisors, LLC, a registered broker-dealer located in St. Louis, Missouri, agreed to settle charges that it failed to file and timely file a number of Suspicious Activity Reports (SARs) between approximately March 2012 and June 2013."