Wells Fargo and Merrill Lynch did not admit or deny the SEC's findings. A spokesperson for Wells Fargo, which agreed to pay $35 million across two firms, said in a statement: ...

The wirehouse alum is stepping into a newly created role that "combines planning philosophy, tech-enabled advice and human ...

SEC fines Wells Fargo $35M, Merrill Lynch $25M for ‘cash sweep’ violations. Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account ...

Wells Fargo and Merrill Lynch, which is a unit of Bank of America, are two of the nation’s largest wealth managers, ...

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.

Wells Fargo, Merrill Fined $60M For Low Cash Sweep Rates, SEC Says. ... and Merrill Lynch’s alleged violations took place between January 2022 and April 2024, the SEC said.

Wells Fargo and Merrill Lynch will pay $35 million and $25 million, respectively, to settle allegations by the Securities and Exchange Commission (SEC) that their handling of investment accounts’ cash ...

Merrill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and Exchange Commission charges that they failed to consider the best interest ...

And now, as the bitcoin price sees new momentum, select wealth management clients at investment arms for Wells Fargo and Merrill Lynch are being offered access to the slate of spot bitcoin ETFs ...

(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 ...

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 failures, ...

By Chris Prentice (Reuters) -Merrill Lynch and two Wells Fargo (NYSE: WFC) advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange ...