FINRA Bars Ex-Wells Fargo Rep Over Private Securities Transactions
What You Need to Know The former broker violated securities laws by soliciting clients to invest in a company he had invested in, FINRA says. The Financial Industry Regulatory Authority has barred a former Wells Fargo broker from association with any FINRA member in any capacity after he allegedly solicited clients to invest in a software and web development company that he had invested in, according to the regulator. Without admitting or denying the findings, Scott Wayne Reed signed a letter of acceptance, waiver and consent Feb. 15 in which he agreed to FINRA’s sanction. FINRA accepted ...
Source: thinkadvisor.com