By Alisha Houlihan for AMLi
The US Securities and Exchange Commission (SEC) has hit Wells Fargo Advisors with charges for failing to file 34 Suspicious Activity Reports (SARs) between April 2017 and October 2021.
To settle the charges, Wells Fargo Advisors has agreed to pay $7M (€6.5M) while the SEC has also imposed a censure and cease-and-desist order.
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