In the wake of the scandal enveloping Wells Fargo bank, its advisory & brokerage arm is now under scrutiny. In a recently released study by professors at the University of Minnesota and the University of Chicago, Wells Fargo Financial Network ranked third-worst for employing brokers/advisors with a record of misconduct. The study found that 15% of the network’s advisers had misconduct on their records, compared to an average of 7% misconduct rate among all firms in the study. To read the story on Wells Fargo Advisors in TheStreet.com click here.
