Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network have been ordered to pay $3.4 million in restitution to clients that were allegedly misled via “unsuitable recommendations of volatility-linked exchange-traded products (ETPs),” according to the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) for broker-dealers. On a Wells Fargo website, the volatility-linked ETPs… Read More >>
Nasdaq to Buy eVestment for $705 Million
eVestment to Join Nasdaq’s Global Information Services Group The Nasdaq Stock Market is moving to acquire vendor eVestment, a content and analytics provider, in a bid by the exchanges company to “deliver attractive shareholder returns” via a company whose client base includes asset managers, investment consultants and asset owners, officials report. Nasdaq will pay $705… Read More >>
