
The Securities and Exchange Commission announced that Wells Fargo Advisors LLC settled allegations of failing to maintain adequate controls to prevent one of its employees from insider trading based on a customer's nonpublic information. The SEC also charged Wells Fargo for unreasonably delaying its production of documents during the sec's investigation and providing an altered internal document related to a compliance review of the broker's trading. For more info visit https://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543012047