In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' ...

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance failures, ...

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.

Wells Fargo Advisors (from 2019 to 2024 and Merrill Lynch (from 2022 to 2024) automatically offered only one bank deposit sweep program for most advisory clients and received "significant ...

Wells Fargo and Merrill Lynch, which is a unit of Bank of America, are two of the nation’s largest wealth managers, ...

Wells Fargo and Merrill Lynch agreed Friday to pay $60 million in total to settle SEC allegations that they didn't do enough to consider clients ... The nitty gritty on sweeps at Merrill, Wells Fargo.

This development comes after spot Bitcoin ETFs had a record setting week in the US, with inflows of BlackRock’s ETF hitting $612 million yesterday. The decision by Merrill Lynch and Wells Fargo to ...

Wells Fargo and Merrill Lynch will pay $35 million and $25 million, respectively, to settle allegations by the Securities and Exchange Commission (SEC) that their handling of investment accounts’ cash ...

Merrill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and Exchange Commission charges that they failed to consider the best interest ...

Wells Fargo and Merrill Lynch did not admit or deny the SEC's findings. A spokesperson for Wells Fargo, which agreed to pay $35 million across two firms, said in a statement: ...

By Chris Prentice (Reuters) -Merrill Lynch and two Wells Fargo (NYSE: WFC) advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange ...