Summary: Wells Fargo brokerage division – Wells Fargo Advisors – sold customers an investment that was almost guaranteed to lose them money and told...
Wealth Management Criminal Fraud
Summary: In 2011, a whistleblower reported bank, mail, and wire fraud at the wealth management division. The employee was terminated from the company and...
Actions Leading Up to the Financial Crisis
Summary: On August 14, 2012, Wells Fargo agreed to pay around US$6.5 million to settle US Securities and Exchange Commission (SEC) charges that in...
Unethical Lending
Summary: Wells Fargo is one of the largest bankrollers of the private prison industry, the NRA and gun industry, and controversial Keystone and Dakota...