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Wells Fargo Advisors Fined $1m For Delays In Delivering Prospectuses For Up To 153 Days


WASHINGTON — The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Wells Fargo Advisors, LLC of St. Louis, $1 million for its failure to deliver prospectuses in a timely manner to customers who purchased mutual funds in 2009, and for delays in reporting material information about its current and former representatives, including arbitrations and complaints involving its representatives.



Deutsche Bank - External

Deutsche Bank exceeds expectations

Deutsche Bank swung to a profit after legal charges dropped and the investment bank posted fourth-quarter earnings that exceeded analysts’ estimates on higher trading revenue.