Brokerage Customers Scammed


Wells Fargo brokerage division – Wells Fargo Advisors – sold customers an investment that was almost guaranteed to lose them money and told them it was a good way to protect their portfolios, authorities say.

In 2017 Regulators ordered the bank to pay investors millions back after its advisers recommended “unsuitable” investments known as volatility-linked products that were “highly likely to lose value over time.”