Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC

Merrill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and ...
Financial Advisor

Wells Fargo, Merrill Fined $60M For Low Cash Sweep Rates, SEC Says

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges that they failed to pay advisory ...