Wells Fargo Pays $1.108MM to Settle SEC Charges of Misconduct

Wells Fargo Advisors agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors, according to the SEC.

Wells Fargo Hires Brokers From Rival Firms

Reuters reported that Wells Fargo U.S. brokerage has expanded its adviser footprint in four states with new hires from rival firms Morgan Stanley and Edward Jones.

Wells Fargo Commercial Banking Expands to Rochester

Wells Fargo said it has opened a new commercial banking office in Rochester, NY, led by Richard Ferrari.