The company entered into the settlement without admitting guilt. Personal Loan Calculator. Box 1369 Minneapolis, MN 55440-1369. Wells Fargo has paid more than $5 billion in fines, and the Fed's $1.95 trillion asset cap restricts the bank's growth. *Practice Management Group and Milestone programs and support are typically available for Wells Fargo Practice Finance division clients only with the minimum financing amount of $300,000. The Commission also established a Fair Fund (the "Fair Fund"), pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty can be distributed . The index is intended to measure the performance of all business development companies listed on the New York Stock Exchange ("NYSE"), NYSE AMEX or The Nasdaq Stock Market, Inc. ("NASDAQ") that satisfy specified market capitalization and other eligibility requirements. Wells Fargo customers who had fake accounts created in their names are a step closer to some payback. The tools and calculators on the Wells Fargo Practice Finance website are provided for educational and illustrative purposes only. 24. US Department of Labor recovers $131.8M for Wells Fargo 401(k Box 3770 Portland, OR 97208-3770 Toll-Free Number: 1-855-349-6457 . Rust Consulting: promise that a check is in the mail is real Welcome to the Wells Fargo ERISA Fee Settlement Home Page. 8, 2010: Order Directing Disbursement of Fair Fund: 34-60667: Sep. 14, 2009 Advertiser Disclosure. Wells Fargo agreed to cease and desist from committing or causing any future violations of the antifraud provisions of the Exchange Act, and to pay a $500 million civil money penalty that will be deposited into a Fair Fund pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002 for distribution to harmed investors. 3 Side Hustles That Could Pay for Your Next Vacation Therefore, Wells Fargo's Price-to-GF-Value for today is 1.06. Implications Your eligibility to deduct is based on your Modified Adjusted Gross Income (MAGI) and whether you and if married, your spouse is covered1 by a workplace retirement plan (WRP), such as a 401(k), 403(b), SEP IRA, or SIMPLE IRA. Any purchaser or assignee of another Potential Claimants right to obtain a recovery from the Wells Fargo Fair Fund for value; provided, however, that this provision shall not be construed to exclude those Potential Claimants who obtained such a right by gift, inheritance, devise or operation of law. Apply when you're ready. If you choose to file your Claim Form online, you must file on or before 11:59 p.m. Eastern Standard Time on June 25 , 2021. Retirement Professionals are registered representatives of and offer brokerage products through Wells Fargo Clearing Services, LLC (WFCS).