Wells Fargo's cash sweep feature faces SEC investigation

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Wells Fargo's cash sweep feature faces SEC investigation
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Nov 1 - Wells Fargo's cash sweep options for investment advisory clients is being investigated by the Securities and Exchange Commission , the bank disclosed in a regulatory filing.

The lender has been working to fix its compliance and repair the damage from an earlier scandal over its sales practices. Its efforts, however, have at times come under renewed criticism following probes into unrelated matters.

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