US SEC orders Wells Fargo to pay US$35 million penalty

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The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay US$35 million to settle charges it failed to ...

The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay US$35 million to settle charges it failed to adequately supervise investment advisers.

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011./File PhotoWASHINGTON: The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay US$35 million to settle charges it failed to adequately supervise investment advisers.

 

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