Defendant Name:
Wells Fargo Advisors, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Wells Fargo & Co.
SIC Code:
6021
CUSIP:
94974610
Document Reference:
34-73175
Document Details
Legal Case Name
In the Matter of Wells Fargo Advisors, LLC
Document Name
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
Document Date
22-Sep-2014
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Various undertakings
Monetary Penalties:
Civil Penalty
Individual:
$5,000,000.00
Shared:
