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Massachusetts Launches Investigation Into Wells Fargo Advisors Sales Practices
Financial Advisor 
Mar. 9, 2018
"Wells Fargo itself disclosed in a recent regulatory filing that it is 'assessing whether there have been inappropriate referrals or recommendations, including with respect to rollovers for 401(k) plan participants, certain alternative investments, or referrals of brokerage customers to the company's investment and fiduciary services business' ... [The Massachusetts Secretary of the Commonwealth] is seeking additional information to determine the scope of Wells Fargo's internal investigation as well as reasonable assurances that any Massachusetts investors affected by unsuitable recommendations will be made whole."
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