SEC订购Wells Fargo顾问支付350万美元的罚款

The US Securities and Exchange Commission is ordering Wells Fargo & Co.’s (WFC) wealth management unit to pay $3.5M for alleged anti-money laundering reporting violations. Wells Fargo Advisors agreed to pay the penalty. It is settling the charges but without denying or admitting to the regulator’s findings.

根据美国证券交易委员会的说法，从2012年初开始，新的银行经理开始敦促合规官员停止提交可疑活动报告。据报道，未能提交这些SARS报告或延迟这些报告，在一年多的时间内发生了50次，并涉及以前在此报告中命名的国际客户的帐户。

联邦法律规定，经纪交易商通知美国财政部的金融犯罪执法网络，他们认为至少有5000美元的交易可能涉及非法活动。监管机构归咎于经纪公司合规组织雇用的“新高级经理”，并负责反洗钱计划。

The cease-and desist order said that soon after this individual began working at Wells Fargo Advisors, the broker-dealer’s surveillance and investigation’s group began getting “conflicting” instructions about filing SARs and they were directed to look for “proof” of illegal activity and not just suspected illegal conduct. Investigators were also purportedly told to not document disputes with management over whether to submit SARs.

The Commission said that from 7/12 to 6/13, Wells Fargo Advisors, which had previously been known for its follow-up reports regarding suspect activities, had reduced such filings by approximately 60%. A Wells Fargo Advisors spokesperson said that the firm took it upon itself to review the confusions and it has since made improvements. In 2014, the brokerage firm retained an outside compliance firm to examine its SAR protocols.

富国银行对各种不当行为
一年多来，富国银行一直因众多所谓的不当行为而成为头条新闻，包括建立至少200万个未经授权的银行和信用卡帐户。该银行同意向监管机构支付1.85亿美元以解决相关费用。

Just last month, the Financial Industry Regulatory Authority announced that Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network must pay more than $3.4M in customer restitution over unsuitable recommendations made involving exchange-traded products and related supervisory failures. That announcement came just months after the self-regulatory organization fined the bank $3.25M for errors and inaccuracies in the way it reported over-the-counter trades. In March, a FINRA arbitration panel ruled that Wells Fargo Advisors would have to pay one investor $35K for unsuitable recommendations that compelled him to invest in housing and energy investments even though they were not appropriate for him.

In a recent filing, Wells Fargo reported that more ex-employees have stepped forward claiming that they were let go from their jobs after attempting to report wrongful activities at the bank, such as making thousands of customers buy unnecessary auto insurance and charging other customers improper mortgage fees. Other ex-Wells Fargo employees had previously come forward claiming that they were retaliated against after reporting to the unauthorized account set up to bank’s own ethics hotline. In April, the US Labor Department ordered Wells Fargo to rehire one whistleblower and pay that person $5.4M.

SSEK Partners Group是一个bob200体育证券欺诈律师事务所。

在富国银行案中阅读SEC的行政程序(PDF)

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