fbpx

Wells Fargo Pays $5 Million to Settle Insider Trading Case

Wells Fargo Pays $5 Million to Settle Insider Trading Case

Wells Fargo Pays $5 Million to Settle Insider Trading Case 150 150 Rex Securities Law

Wells Fargo Advisors settled charges by the U.S. Securities & Exchange Commission (SEC) that a former broker engaged in insider trading of Burger King stock before its sale to 3G Capital Management in 2010 by paying a fine of $5 million.

In January a criminal complaint was filed against Waldyr Da Silva Prado Neto, formerly with Wells Fargo, and Igor Cornelsen of the British Virgin Islands, who were charged with securities fraud for trading in advance of the buyout.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

%d bloggers like this: