Wells Fined For Selling Structured Notes To Elderly

16 Dec 2011

The Financial Industry Regulatory Authority has fined Wells Fargo USD2 million for failing to supervise a salesman who sold reverse convertibles to elderly investors.

The Financial Industry Regulatory Authority has fined Wells Fargo USD2 million for failing to supervise a salesman who sold reverse convertibles to elderly investors. The structured notes are considered unsuitable for that age group.

Click here to read the release from FINRA

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.