In recent years, Wells Fargo Bank has faced significant scrutiny and legal action for its role in a widespread fraudulent scheme to open unauthorized customer accounts. This scandal not only impacted countless customers but also led to the unfair termination of numerous financial advisors and bankers. At Bakhtiari & Harrison, we are dedicated to defending […]
We are pleased to share the news of a recent triumph by David Harrison, in sucessfully secured a FINRA Award for a broker-dealer registered representative expunging a CRD Disclosure filed by Wells Fargo Clearing Services, LLC. Wells Fargo Clearing Services, LLC terminated the broker because a Wells Fargo Bank customer opened and then promptly closed […]
Wells Fargo could be looking at a major reduction in its once market-leading mortgage business, Bloomberg reported over the weekend. Wells Fargo shares edged lower Monday following a report from Bloomberg news that suggested the bank is preparing to significantly reduce its once-leading mortgage business. Bloomberg said the shift, which is expected to include big […]
Wells Fargo has agreed to pay $79 million to settle a class-action lawsuit related to deferred compensation for former financial advisors of the banking company. The class action covers more than 1,000 former advisers who said they were wrongly required to forfeit deferred compensation when they left Wells Fargo. The lead plaintiff, Robert Berry, said […]
With Wells Fargo’s credit card and savings divisions already disciplined by the Federal Reserve over a fake account scandal during which the bank opened bogus accounts on behalf of its customers, federal officials have begun an investigation into Wells Fargo Wealth Management to determine whether Wells Fargo’s investment wing inappropriately sold clients in-house investments using […]