Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...

Wells Fargo and Merrill Lynch agreed Friday to pay $60 million in total to settle SEC allegations that they didn't do enough to consider clients' best interests when placing their money in "cash ...

(Reuters) -Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance ...

Jan 17 (Reuters) - Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over ...

The Securities and Exchange Commission has charged two registered investment advisor units of Wells Fargo and Merrill Lynch with compliance failures relating to their cash sweep programs.

According to the SEC’s orders, Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs as the only cash sweep option for most advisory clients and received a significant ...

The can-do work ethic of the firm's northeast divisional president took him across the country multiple times — and to the ...