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Wells Fargo Advisors reaches $7M settlement with SEC

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Wells Fargo Advisors agreed to pay a $7 million settlement to the U.S. Securities and Exchange Commission.

The SEC alleged the broker-dealer arm of Wells Fargo & Co. failed to timely file 34 suspicious activity reports between April 2017 and October 2021.

The reports are designed to deter money laundering.

Read more from International Investment.

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