Skip to main content


Former advisor wins $500,000 FINRA arbitration award against Wells Fargo

A Merrill Lynch investment adviser who handles money for high-profile union pension accounts won a $500,000 arbitration award last month against his former employer whom he had accused of trying to ruin his reputation in the wake of his departure. The victory comes seven years after the adviser was sued in federal court by Wachovia […]

Read More

Wells Fargo Steps Right Up in Compensation ‘Carnival Game’

Wells Fargo is latest to tweak 2015 awards for advisors, making them more complex Financial advisors at the wirehouse firms are facing more complex compensation plans in 2015, compensation experts say. “It is becoming close to being like a carnival game – you have to knock down three cans to get the top-shelf prize,” said […]

Read More

Wells Fargo Advisors unveils new bonus plan for brokers

In an effort to get its advisers to focus on snagging more of their existing clients’ assets, along with new clients, Wells Fargo Advisors LLC has introduced a new rewards program in its deferred-compensation plan. Until Jan. 1, the firm’s 12,000 advisers were eligible for a bonus based on growth in revenue. Now the bonus […]

Read More

California Sues Wells Fargo Over Auction Rate Securities

California sued units of Wells Fargo & Co. today, claiming they sold investors $1.5 billion of auction-rate securities and deceptively advertised them as being as safe as cash. A complaint filed in state court in San Francisco names Wells Fargo Investments LLC, Wells Fargo Brokerage Services LLC and Wells Fargo Institutional Services LLC as defendants. […]

Read More