WELLS FARGO INVESTMENT INSTITUTE, INC.

WELLS FARGO INVESTMENT INSTITUTE, INC. of CHARLOTTE, NC is an SEC-registered investment adviser (CRD 133204). Regulatory assets under management: $43.0B.

Registration

Business model

Compensation: % of AUM, Fixed.

Clients served: High net worth, Pooled vehicles, Charities, Corporations.

Officers, owners & control persons (47)

Showing 25 of 47 people.

NameRoleLocation
David M WilliamsCHIEF COMPLIANCE OFFICERTahoe City, CA
Britta Perkio McCorduckMANAGING DIRECTOR AND SECRETARYCharlotte, NC
Daniel James MavicoSENIOR VICE PRESIDENT AND CHIEF COMPLIANCE OFFICERCharlotte, NC
Gregory Scott SigmundCHIEF OPERATING OFFICER, DIRECTOR (BOARD MEMBER)
Darrell Lynn CronkPRESIDENT AND CHIEF INVESTMENT OFFICER, DIRECTOR (BOARD MEMBER)
Barry SommersDIRECTOR (BOARD MEMBER)
Haley Lynn RonzioCHIEF FINANCIAL OFFICER, TREASURER
George Edward RusnakDIRECTOR (BOARD MEMBER)
MUNN WILLIAM DOUGLASDIRECTOR
FERRO DENNIS HENRYDIRECTOR
KOONCE MICHAEL HOWARDSECRETARY, CHIEF LEGAL COUNCIL; SENIOR VICE PRESIDENT, GENERAL COUNSEL, & SECRETARY
LAPPLE BARBARA ANNSENIOR VICE PRESIDENT
MOSS MATTHEW CHARLESCHIEF FINANCIAL OFFICER
SIGMUND GREGORY SCOTTCHIEF OPERATING OFFICER; CHIEF OPERATING OFFICER, DIRECTOR (BOARD MEMBER)
DUNEGAN DORETTA LOUISECHIEF COMPLIANCE OFFICER
STEINER JAMES PAULDIRECTOR (BOARD MEMBER)
TABACK ADAM IRADIRECTOR, PRESIDENT; MANAGING DIRECTOR; PRESIDENT, CHIEF EXECUTIVE OFFICER
BROWN SHEELPA PATELCHIEF COMPLIANCE OFFICER
NAKANO YUKARIDIRECTOR, SENIOR VICE PRESIDENT, CHIEF OPERATING OFFICER; SENIOR VICE PRESIDENT, CHIEF ADMINISTRATIVE OFFICER; SENIOR VICE PRESIDENT, CHIEF OPERATING OFFICER (+1 more)
SOMMERS BARRYDIRECTOR (BOARD MEMBER)
ANGELOS JAMES FRANKSENIOR VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER
BREEN BRIGIDCHIEF COMPLIANCE OFFICER; SENIOR VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER
WELLBORN JULIA CDIRECTOR (BOARD MEMBER)
PATTERSON BRITTA PDIRECTOR, CHIEF ADMINISTRATIVE OFFICER
LIPSETT LLOYDSENIOR VICE PRESIDENT, LEGAL, & SECRETARY

Disclosures (276)

Showing 10 of 46 distinct disclosure events.

InitiatedTypeAllegationsStatusAmount
2024-12-20civilTHE CONSUMER FINANCIAL PROTECTION BUREAU ("CFPB") ALLEGED THAT WELLS FARGO BANK, N.A. ("WFB"), AND OTHER DEFENDANT-BANKS, (1) ACTED UNFAIRLY BY FAILING TO TAKE TIMELY, APPROPRIATE, AND EFFECTIVE MEASURES TO PREVENT, DETECT, LIMIT, AND ADDRESS FRAUD ON THE ZELLE NETWORK, IN VIOLATION OF 12 U.S.C. ??…Pending
2023-09-05regulatoryTHE ALLEGATIONS WERE THAT, IN 2022, WELLS FARGO CLEARING SERVICES, LLC INADVERTENTLY DID NOT CONDUCT A BRANCH INSPECTION OF ONE MAINE BRANCH OFFICE (A REMOTE LOCATION NOT HELD OUT TO THE PUBLIC). THE MAINE SECURITIES ADMINISTRATOR TOOK THE POSITION THAT THIS VIOLATED MAINE'S ORDER 2021-12 AND MAINE…Final$5K
2023-08-25regulatoryTHE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC, WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC, AND THEIR PREDECESSOR FIRMS (COLLECTIVELY, "WELLS FARGO" OR THE "FIRM") OVERCHARGED APPROXIMATELY 10,945 ADVISORY ACCOUNTS OF ADVISORY CLIENTS OPENED THROUGH 2…Final$35.0M
2023-08-08regulatoryTHE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED, IN CONNECTION WITH THE BROKER-DEALER OFF-CHANNEL COMMUNICATIONS INITIATIVE, THAT WELLS FARGO SECURITIES, LLC, WELLS FARGO CLEARING SERVICES, LLC, AND WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC (COLLECTIVELY, "WELLS FARGO") FAILED TO (1) MAINTA…Final$125.0M
2023-08-08regulatoryTHE COMMODITY FUTURES TRADING COMMISSION ("CFTC") ENTERED INTO A SETTLEMENT ORDER ("ORDER") WITH WELLS FARGO SECURITIES, LLC ("WFS") AND WELLS FARGO BANK NA ("WFB" AND COLLECTIVELY WITH WFS, THE "RESPONDENTS") TO SETTLE AN ADMINISTRATIVE ACTION CONCERNING (A) WFB'S FAILURE TO MAINTAIN REQUIRED RECOR…Final$75.0M
2023-03-30regulatoryON MARCH 30TH, 2023, THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (THE "BOARD OF GOVERNORS") ISSUED AN ORDER OF ASSESSMENT OF CIVIL MONEY PENALTY ISSUED UPON CONSENT PURSUANT TO THE FEDERAL DEPOSIT INSURANCE ACT, AS AMENDED (THE "ORDER") IMPOSING A CIVIL MONEY PENALTY ON WELLS FARGO & COMPAN…Final$67.8M
2022-12-20regulatoryTHE CFPB ALLEGED THAT CERTAIN OF THE BANK'S AUTO LOAN SERVICING, MORTGAGE LOAN SERVICING, AND CONSUMER DEPOSIT ACCOUNT PRACTICES WERE UNFAIR, AND THAT ONE CONSUMER DEPOSIT ACCOUNT PRACTICE WAS DECEPTIVE, AS FURTHER DESCRIBED IN THE CONSENT ORDER.Final$1.7B
2022-05-20regulatoryTHE SECURITIES AND EXCHANGE COMMISSION (SEC) ALLEGED THAT WELLS FARGO CLEARING SERVICES, LLC (THE FIRM), IN CONNECTION WITH THE FIRM'S FAILURE TO TIMELY FILE CERTAIN SUSPICIOUS ACTIVITY REPORTS ("SARS"), WILLFULLY VIOLATED SECTION 17(A) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT") AND RUL…Final$7.0M
2021-12-20regulatoryWITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM REASONABLY DESIGNED TO SUPERVISE REPRESENTATIVES' 529 PLAN SHARE-CLASS RECOMMENDATIONS. THE FINDINGS STATED THAT THE FIRM'S WRITTE…Final
2021-12-13regulatoryWITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THEENTRY OF FINDINGS THAT IT FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM THAT WASREASONABLY DESIGNED TO SUPERVISE SHORT-TERM TRADING OF UNIT INVESTMENT TRUSTS (UITS). THEFINDINGS STATED THAT THE FIRM DID…Final$100K

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