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
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
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.
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