Wells Fargo to pay $35M settlement over ETFs

Wells Fargo & Co. agreed to pay a $35 million settlement related to exchange-traded funds.

A Securities and Exchange Commission investigation was launched over Wells Fargo's sale of inverse ETFs, which move in the opposite direction of an index it tracks. Regulators have warned they are too complex for some investors.

Wells Fargo recently agreed to pay $3 billion to settle allegations that the company pressured low-level employees to meet high goals. Some of those employees opened fake and unauthorized bank accounts.

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