Wells Fargo Archives - The Industry Spread

Another Regulator has hit a Wells Fargo Trading Unit

September 6, 2019

“These proceedings arise out of a fraudulent scheme carried out by Muldoon, a former Wells Fargo Clearing Services, LLC (‘Wells Fargo’) trader, to evade the retail order period restrictions in municipal bond offerings. Municipal issuers hold retail order periods to prioritize the sale of bonds to retail investors, typically providing retail investors the first chance to obtain bonds in a primary offering.

Nikkei Outperforms, Traders Eye more US Earnings

April 15, 2019

Asian stocks finished in positive tones to the highest level in nine months, as investors follow the gains from Wall Street indices on Friday helped by the upbeat beginning of the US earning season by JP Morgan and Wells Fargo. In Japan, the Nikkei225 main index added 1.37 percent to 22,169 the highest since December 4th, 2018. The Hang Seng benchmark in Hong Kong finished 0.02 percent higher at 29,914.