News Releases
2023 | 2022 | 2021 | 2020 | 2019 | Show more yearsFor Immediate Release
August 9, 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.