Jenni Katzer

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U.K’s Financial Conduct Authority to Examine Investment Platform Service Providers

On July 17, 2017, the Financial Conduct Authority (FCA) announced that it will explore whether investing platforms help investors make good investment decisions, and whether their investment products offer investors value for their money. The FCA is a financial regulatory body in the United Kingdom that regulates financial firms providing services to consumers. The FCA … Continue Reading

Class Action Against Wells Fargo Alleges that 5000 Employees Who Did Not Meet Cross-Selling Quotas Were Wrongfully Terminated

On September 22, 2016, two former employees filed a class action complaint against Wells Fargo in the Superior Court of California, Los Angeles, contending that Wells Fargo implemented a fraudulent scheme to increase its stock price by aggressively pushing employees to open new accounts to increase their “cross-sell numbers” while the bank did not have … Continue Reading