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 22-Sep-2014
Initial Filing Format Administrative Action
File Number 3-16153
Allegation Type Broker Dealer

Violations Alleged

Other
• Section 15(g), 17(a), 17(b) Exchange Act; Rule 17a-4(j) Exchange Act; Section 204(a), 204A Advisers Act

Resolutions

First Resolution Date 22-Sep-2014
Headline Total Penalty and Disgorgement $5,000,000

Related Documents:

34-73175 22-Sep-2014 Administrative Proceeding
Order Instituting Administrative and Cease-And-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, And Imposing Remedial Sanctions and Cease-And-Desist Order
On September 22, 2014, the SEC instituted administrative proceedings against Wells Fargo Advisors, LLC. The SEC alleges that the Company failed "to adequately establish, maintain , and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information, specifically the material nonpublic information obtained from its customers and its advisory clients."

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