The office of Massachusetts' secretary of the commonwealth, William Galvin, has fined a Wells Fargo & Co. unit $450,000 over the alleged failure of more than 1,600 of its professionals to register with securities regulators.
For a 30-month period ending in June 2018, more than one of every 10 Wells Fargo Clearing Services LLC agents in Massachusetts — 1,098 agents in all — had lapsed state registrations at some point, in violation of state law, even though they were the agent of record for at…
