Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash
January 25 2025 - 12:48PM
The Daily Hodl
Two Wall Street titans are shelling out a combined $60 million
to the U.S. Securities and Exchange Commission for allegedly
serving their own interests at the detriment of clients. The SEC
says Wells Fargo and Bank of America’s Merill Lynch failed to
develop legitimate written policies and procedures for their cash
sweep programs. According to […]
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Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly
Shortchanging Customers While Making Bank on Client Cash
appeared first on The Daily Hodl.
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$60,000,000 Fine for Allegedly Shortchanging Customers While Making
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Wells Fargo and Merill Lynch Paying $60,000,000 Fine
for Allegedly Shortchanging Customers While Making Bank on Client
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