Category Archives: Wells Fargo

FINRA Sanctions Four Firms $9.1 Million for Sales of Leveraged and Inverse Exchange-Traded Funds

Posted on May 1, 2012 by Klayman & Toskes

The Financial Industry Regulatory Authority (“FINRA”) annouced announced that it has sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co., LLC; UBS Financial Services; and Wells Fargo Advisors, LLC a total of more than $9.1 million for selling leveraged and … Continue reading →

Posted in Citigroup, Enforcement, ETFs, FINRA, Morgan Stanley, Suitability, Supervision, UBS, Wells Fargo | Leave a comment

FINRA Fines Wells Fargo $2 Million for Unsuitable Sales of Reverse Convertibles to Elderly Customers and Failure to Provide Breakpoints on UIT Sales

Posted on December 15, 2011 by Klayman & Toskes

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Wells Fargo Investments, LLC, $2 million for unsuitable sales of reverse convertible securities through one broker to 21 customers, and for failing to provide sales charge discounts on … Continue reading →

Posted in Enforcement, FINRA, UITs, Wachovia, Wells Fargo | Leave a comment

The Securities Arbitration Law Firm of Klayman & Toskes Encourages All Class Members Who are Eligible To Participate in the Settlement of the Wachovia Preferred Securities and Bond/Notes Litigation To Explore All Of Their Legal Options

Posted on August 9, 2011 by Klayman & Toskes

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), announced today that a global settlement has been reached with all defendants in the class action lawsuit, In re: Wachovia Preferred Securities and Bond/Notes Litigation, Case No. 09-cv-06351, on … Continue reading →

Posted in Arbitration, Bonds, Class Action, Class Action Opt-Out, Collateralized Debt Obligations, Collateralized Mortgage Obligations, FINRA, Investor Alert, Misrepresentation, Mortgage-backed securities, Notes, Omission, Wachovia, Wells Fargo | Leave a comment