Articles Posted in FINRA Rule 3110

Wells Fargo Fined $275,000 by FINRA for Municipal Advisor Registration Failures
Iorio Law PLLC

Wells Fargo Clearing Services, LLC has been censured and fined $275,000 by the Financial Industry Regulatory Authority (FINRA) for failing to maintain a supervisory system designed to prevent unregistered municipal advisory activity over a period of more than five years. According to the settlement, from at least June 2019 to November 2024, Wells Fargo had…

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FINRA Fines Goldman Sachs $250,000 for IPO Conflict and Registration Violations
Iorio Law PLLC

The Financial Industry Regulatory Authority (FINRA) has censured and fined Goldman Sachs & Co. LLC $250,000 for multiple rule violations related to its role as a lead underwriter in a 2021 initial public offering (IPO) and for permitting unregistered individuals to perform investment banking functions. According to a FINRA Letter of Acceptance, Waiver, and Consent…

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