US watchdog targets vol-linked products, fines Wells Fargo

Pablo Conde, 17 October 2017

The US Financial Industry Regulatory Authority (Finra) has ordered Wells Fargo Clearing Services, and Wells Fargo Advisors Financial Network, to pay more than US$3.4m in restitution to affected customers for unsuitable recommendations of volatility-linked exchange-traded products (ETPs) and related supervisory failures.

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