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Wells Fargo repays clients $40 million for excessive investment advice fees

Wells Fargo has paid $40 million to reimburse almost 11,000 customers who were overcharged on fees for investment advice, according to the SEC.

cnbc.com
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Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC alleges
Wells Fargo has agreed to pay a $35 million civil penalty to settle allegations that it overcharged nearly 11,000 investment advisory clients a total of around $27 million in fees, according to the Securities and Exchange Commission.