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For Immediate Release
August 09, 2019

For more information contact:
Kristen Scaletta, 312-781-7860, kscaletta@nfa.futures.org
Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org

NFA orders San Francisco, Calif. swap dealer Wells Fargo Bank, N.A. to pay a $2,500,000 fine

August 9, Chicago—NFA has ordered San Francisco, Calif. swap dealer Wells Fargo Bank, N.A. (Wells Fargo Bank) to pay a $2,500,000 fine.

The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by Wells Fargo Bank. The BCC found that Wells Fargo Bank failed to communicate with a counterparty in a fair and balanced manner.

For more information, read the Complaint and Decision.

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