Wells Fargo Advisors LLC

06/07/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090189479-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: First Clearing, LLC, Respondent Broker-Dealer CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Clearing, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is

Reference 2009018947901data-portal.finra.orgfinra.org

11/04/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016051352401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: First Clearing, LLC (now known as Wells Fargo Clearing Services, LLC) (Respondent) Member Firm CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent First Clearing submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2016051352401data-portal.finra.orgfinra.org

07/15/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080139166-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: First Clearing, LLC, Respondent Broker-Dealer CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Clearing, LLC (the "firm'') submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2008013916601data-portal.finra.orgfinra.org

12/12/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E062004020701 TO: Department of Enforcement NASD Regulation, Inc. RE: First Clearing, LLC Member Firm CRD No. 17344 David Lawrence Williams General Securities Principal CRD No. 727298 Pursuant to Rule 9216 of the National Association of Securities Dealers, Inc. ("NASD") Code of Procedure, First Clearing, LLC, and David Lawrence Williams ("Respondents") submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference E062004020701data-portal.finra.orgfinra.org

07/06/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014042689901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Member CRD No. 19616 Wells Fargo Advisors Financial Network, LLC, Respondent Member CRD No. 11025 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents Wells Fargo Advisors, LLC ("WFA") and Wells Fargo Advisors Financial Network, LLC

Reference 2014042689901finra.orgdata-portal.finra.org

12/20/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2016049188701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Advisors, LLC (n/k/a Wells Fargo Clearing Services, LLC) Member Firm CRD No. 19616 Wells Fargo Advisors Financial Network, LLC Member Firm CRD No. 11025 Pursuant to FINRA Rule 9216, Respondents Wells Fargo Advisors, LLC (n/k/a/ Wells Fargo Clearing Services, LLC) (WFA) and Wells Fargo Advisors Financial Network, LLC (WFAFN)

Reference 2016049188701finra.orgdata-portal.finra.org

05/19/2025: From January 2014 through March 2022, Wells Fargo failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to safeguard customer information. When certain registered representatives departed the firm, it failed to notify insurance carriers, resulting in the former representatives maintaining access to firm customer records and information through the carriers’ portals. As a result, the firm violated Rule 30(a) of Regulation S-P of the Securities Exchange Act of 1934, FINRA Rules 3110(a), 3110(b), and 2010, and NASD Rule 3010. The firm is censured and fined $150,000...

Reference 2021073472601data-portal.finra.orgfinra.org

05/06/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120352228-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker/Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA Code of Procedure, Wells Fargo Advisors, LLC (''the firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2012035222801finra.orgdata-portal.finra.org

12/23/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2007009470901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wachovia Securities, LLC (CRD 19616), Respondent First Clearing, LLC (CRD 17344), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is

Reference 2007009470901data-portal.finra.orgfinra.org

08/28/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015045713304 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Advisors, LLC (n/k/a Wells Fargo Clearing Services, LLC), Respondent Member Firm CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Wells Fargo Advisors, LLC (n/k/a Wells Fargo Clearing Services, LLC) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2015045713304finra.orgdata-portal.finra.org

04/09/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2010022380001 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Wells Fargo Advisors, LLC submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition

Reference 2010022380001data-portal.finra.orgfinra.org

12/07/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016049334801 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: First Clearing LLC n/k/a Wells Fargo Clearing Services, LLC, Respondent Broker-Dealer CRD No. 17344 (now, CRD No. 19616) Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Wells Fargo Clearing Services, LLC (the “firm” or “Respondent”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for

Reference 2016049334801data-portal.finra.orgfinra.org

12/05/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015043740201 TO: Department of Enforcement Financial Industry Regulatory Authority (''FINRA") RE: Wells Fargo Advisors, LLC, (n/k/a Wells Fargo Clearing Services, LLC) Respondent Member Firm CRD No. 19616 Wells Fargo Advisors Financial Network, LLC, Respondent Member Firm CRD No. 11025 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents Wells Fargo Advisors, LLC ("WFA") (n/k/a Wells Fargo Clearing

Reference 2015043740201finra.orgdata-portal.finra.org

09/12/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012031047501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Wells Fargo Advisors, LLC ("Wells Fargo" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2012031047501data-portal.finra.orgfinra.org

09/02/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016052124001 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Clearing Services, LLC (CRD No. 19616) and Wells Fargo Advisors Financial Network, LLC (CRD No. 11025) Member Firms Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondents Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC submit this Letter of Acceptance, Waiver and Consent (AWC)

Reference 2016052124001data-portal.finra.orgfinra.org

06/03/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008014350501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, (CRD No. 19616) as successor to Wells Fargo Investments, LLC (CRD No. 10582), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2008014350501data-portal.finra.orgfinra.org

04/28/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20070080116-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuant to FINRA Rule9216 of FINRA's Code of Procedure, Wells Fargo Advisors, LLC (formerly Wachovia Securities, LLC) (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule

Reference 2007008011601data-portal.finra.orgfinra.org

12/18/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012034123501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent CRD No. 19616 Wells Fargo Advisors Financial Network, LLC, Respondent CRD No. 11025 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents, Wells Fargo Advisors, LLC ("WFA") and Wells Fargo Advisors Financial Network, LLC ("WFAFN"), submit this Letter of Acceptance

Reference 2012034123501finra.orgdata-portal.finra.org

06/02/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2010023976502 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, (CRD No. 19616) as successor to Wells Fargo Investments, LLC (CRD No. 10582) Pursuant to Rule 9216 of FINRA Code of Procedure, Respondent Wells Fargo Advisors, LLC ("WFA" or the "Firm"), as successor to Wells Fargo Investments, LLC ("WFI") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2010023976502data-portal.finra.orgfinra.org

08/29/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080146985-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: First Clearing, LLC, Respondent Broker-Dealer CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Clearing, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the

Reference 2008014698501data-portal.finra.orgfinra.org

12/21/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2016050274801 TO : Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC (now known as Wells Fargo Clearing Services, LLC) CRD No. 19616 Wells Fargo Advisors Financial Network, LLC CRD No. 11025 First Clearing, LLC (now known as Wells Fargo Clearing Services, LLC) CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents Wells Fargo

Reference 2016050274801data-portal.finra.orgfinra.org

06/17/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20090207280-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo Advisors, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This

Reference 2009020728001data-portal.finra.orgfinra.org

08/03/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012033568901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors LLC, Respondent CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo Advisors LLC ("Wells Fargo Advisors," the"Firm" or "Respondent"), submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violation

Reference 2012033568901data-portal.finra.orgfinra.org

05/02/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20060053242-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo Advisors, LLC (formerly Wachovia Securities, LLC) (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged

Reference 2006005324201finra.orgdata-portal.finra.org

07/15/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120333305-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker/Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA Code of Procedure, Wells Fargo Advisors, LLC ("firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2012033330501data-portal.finra.orgfinra.org

05/03/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT DEPARTMENT OF MARKET REGULATION 20050031503-01 TO: Department of Market Regulation NASD RE: First Clearing, LLC, Respondent Broker/Dealer CRD Number 17344 Pursuant to Rule 9216 of NASD Code of Procedure, First Clearing, LLC ("FCCP" or "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted,

Reference 2005003150301finra.orgdata-portal.finra.org

11/25/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2017054001501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Clearing Services, LLC (Respondent) Member Firm CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Wells Fargo Clearing Services, LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2017054001501data-portal.finra.orgfinra.org

12/20/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019062573101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Clearing Services, LLC (Respondent) Member Firm CRD No. 19616 Pursuant to FINRA Rule 9216, Respondent Wells Fargo Clearing Services, LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2019062573101data-portal.finra.orgfinra.org

12/06/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020066327501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Clearing Services, LLC (Respondent) Member Firm CRD No. 19616 Wells Fargo Advisors Financial Network, LLC (Respondent) Member Firm CRD No. 11025 Pursuant to FINRA Rule 9216, Respondents Wells Fargo Clearing Services, LLC (“WFCS”) and Wells Fargo Advisors Financial Network, LLC (“WFAFN”) (collectively, the “Respondents”

Reference 2020066327501data-portal.finra.orgfinra.org

04/07/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20160499254-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Clearing Services, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo Clearing Services, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2016049925401finra.orgdata-portal.finra.org

12/13/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2016050947801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Clearing Services, LLC (CRD No. 19616) and Wells Fargo Advisors Financial Network, LLC (CRD No. 11025) (Respondents) Member Firms Pursuant to FINRA Rule 9216, Respondents Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC submit this Letter of Acceptance, Waiver, and Consent (AWC) for the

Reference 2016050947801data-portal.finra.orgfinra.org

12/20/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080155897-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo Advisors, LLC (formerly known as Wachovia Securities, LLC) (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the

Reference 2008015589701data-portal.finra.orgfinra.org

08/11/2025: From at least June 2019 to November 2024, Wells Fargo failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), that was reasonably designed to achieve compliance with Section 15B(a)(1)(B) of the Securities Exchange Act of 1934, which prohibits unregistered municipal advisory activity. As a result, Wells Fargo violated MSRB Rule G-27 and FINRA Rules 3110(a) and (b) and 2010. For these violations, Wells Fargo is censured and fined $275,000.

Reference 2023078410201data-portal.finra.orgfinra.org

09/12/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019061442702 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Clearing Services, LLC (Respondent) Member Firm CRD No. 19616 Pursuant to FINRA Rule 9216, Respondent Wells Fargo Clearing Services, LLC (WFCS) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA will not bring any future actions against WFCS alleging violations based on the same factual findings described in this AWC.

Reference 2019061442702finra.orgdata-portal.finra.org

12/19/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130358293-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: First Clearing, LLC, Respondent Broker-Dealer CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Clearing, LLC (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2013035829301data-portal.finra.orgfinra.org

01/08/2026: From November 2016 through November 2023, Wells Fargo failed to timely cancel or close out 209 failed inter-dealer transactions in municipal securities totaling approximately $6.5 million and failed to timely deliver I 06 municipal securities totaling approximately $3.8 million, violating MSRB Rule G-12(h). During the same period, Wells Fargo failed to promptly obtain physical possession or control of 178 short positions totaling approximately $4.1 million resulting from failures to receive municipal securities, violating Securities Exchange Act of 1934 Section 15(c)(3), Exchange Act Rule 15c3-3(d)(2), and FINRA Rule 2010.

Reference 2022073287901data-portal.finra.orgfinra.org

01/26/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008012791101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: First Clearing, LLC (formerly First Clearing Corporation) Respondent Broker-Dealer CRD No.17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Clearing, LLC (FCLLC) submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2008012791101data-portal.finra.orgfinra.org

04/13/2026: From January 2018 to July 2022, Wells Fargo failed to report 837,805 fractional share trades to the FINRA/Nasdaq Trade Reporting Facility (FNTRF) or the Over-the-Counter Reporting Facility (ORF). Additionally, from January 2018 to October 2023, the firm failed to report approximately 46,000 error correction trades to the FNTRF or ORF. Therefore, Wells Fargo violated FINRA Rules 6380A(b), 6622(b), and 2010. From January 2019 to April 2022, the firm violated FINRA Rules 7230A(d), 7330(d), and 2010 by failing to identify the contra side executing broker-dealer in 468,005 fractional share trade reports submitted to the FNTRF or ORF. From January 2018 to October 2023, the firm violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system reasonably designed to comply with its trade reporting obligations. For these violations, the firm agrees to a censure, a $125,000 fine, and an undertaking to pay regulatory transaction fees as described...

Reference 2019062519601data-portal.finra.orgfinra.org

10/20/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150465794-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuantto FINRA Rule 9216 of FINRA's Code of Procedure,Wells Fargo Advisors, LLC (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2015046578401data-portal.finra.orgfinra.org

12/02/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2015047064901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: First Clearing, LLC (now known as Wells Fargo Clearing Services, LLC), Respondent CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Clearing, LLC ("First Clearing," the "Firm" or "Respondent"), submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2015047064901finra.orgdata-portal.finra.org

01/29/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017053034301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wells Fargo Advisors, LLC (n/k/a Wells Fargo Clearing Services, LLC), Respondent Member Firm CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Wells Fargo Advisors, LLC (n/k/a Wells Fargo Clearing Services, LLC) (“Wells Fargo” or the “Firm”) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2017053034301data-portal.finra.orgfinra.org

11/06/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016051812801 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Clearing Services, LLC, Respondent Broker-Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo Clearing Services, LLC (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2016051812801data-portal.finra.orgfinra.org

12/21/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2016050274801 TO : Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC (now known as Wells Fargo Clearing Services, LLC) CRD No. 19616 Wells Fargo Advisors Financial Network, LLC CRD No. 11025 First Clearing, LLC (now known as Wells Fargo Clearing Services, LLC) CRD No. 17344 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondents Wells Fargo

Reference 2016050274801data-portal.finra.orgfinra.org

05/01/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090191139 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Wells Fargo Advisors Financial Network, LLC and Wells Fargo Investments, LLC (collectively "Wells Fargo," "Respondent" or "the Firm"), CRD Nos. 19616, 11025, 10582 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Wells Fargo submits this Letter of Acceptance, Waiver and Consent ("AWC") for

Reference 2009019113901data-portal.finra.orgfinra.org

12/23/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20070201717-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Wells Fargo Advisors, LLC, Respondent Broker/Dealer CRD No. 19616 Pursuant to FINRA Rule 9216 of FINRA Code of Procedure, Wells Fargo Advisors, LLC ("the firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2009020171701data-portal.finra.orgfinra.org