SEC fines Wells Fargo $35 million for unsuitable sales of complex products
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Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty
The Securities and Exchange Commission ordered Wells Fargo to pay a $35 million fine for selling complex exchange-traded funds that were unsuitable for the retirement savers who bought them, the agency announced Thursday.
In its order, the SEC said that from April 2012 through September 2019, Wel
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