January 21, 2025/US SEC The Securities and Exchange Commission today announced charges against South Carolina-based Old South Trading Co., LLC (“Old South”), its owner Brendan H. Church, and his father Edwin N. (“Chuck”) Church, for conducting an unregistered offering of securities. Chuck Church was also charged for acting as an […]
Frauds & Scandals
SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch with Compliance Failures Relating to Cash Sweep Programs
Firms agree to pay civil penalties of $60 million combined to settle SEC charges January 17, 2025/US SEC The Securities and Exchange Commission today announced settled charges against registered investment advisers Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively Wells Fargo Advisors) and against Merrill […]
SEC Charges Pair of Wells Fargo Advisory Firms and Merrill Lynch with Compliance Failures Relating to Cash Sweep Programs
Firms agree to pay civil penalties of $60 million combined to settle SEC charges January 17, 2025/US SEC The Securities and Exchange Commission today announced settled charges against registered investment advisers Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively Wells Fargo Advisors) and against Merrill […]
