Stockbroker Law - Thursday, November 30, 2017
Wells Fargo Fined by FINRA for VIX Linked Exchange Traded Products
The Financial Industry Regulatory Authority (FINRA) has fined Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC $3.4 Million as required restitution relative to unsuitable recommendations involving volatility-linked Exchange Traded Products (ETP’s) and related supervisory failures related to these investments.  

Volatility-linked ETP’s are very complex products, ill-designed for the average investor and were oftentimes sold by certain Wells Fargo representatives under the mistaken belief that they were proper long-term, hedge investments for customers’ stock market positions in the event of a market downturn – which they clearly are not.

We offer a free initial consultation to investors who may have been harmed with the purchase of these Exchange Traded Products.  For a free initial consultation, contact the Law Offices of Timothy J. O’Connor at (518) 426-7700.


Blog Posts

Blog Post


Investment & Broker

Investment Misconduct



Private Company

Private Company Disputes


Personal Injury