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Members on this website are not qualified to make legal judgements regarding cases like this, but none the less it sure would appear to us laymen that Wells Fargo has been a litigant in more than just this case. I looked this case up and more...
Wealth Management, Dec 6, 2019: Wells Sanctioned in Forgery, Fraud Case by FINRA Panel
"A FINRA arbitration panel has ordered Wells Fargo Advisors Financial Network to pay a fine of $400 per day in connection with a claim by a New Jersey widow that her Wells broker, Leonard Kinsman, of Staten Island, lost almost $600,000 of her $2,250,000 life insurance payment through risky trades made without her consent."
This is probably not the same article you cited but close enough. Yes it appears that the Wells Fargo broker was especially aggressive in the use of her funds.
Based on the information provided and if it is accurate, the New Jersey widow would appear to have a strong case against Wells Fargo. I hope she wins her case, but I would expect that the court cases and appeals could drag on for months or years. That's how these big banks win...delay, delay, delay...
In Googling Wells Fargo and FINRA (Financial Industry Regulatory Authority) or "Wells Fargo fined" you'll find other instances in which Well Fargo has been less than honest with their clients.
Similar to the case above, in 2017, the Financial Industry Regulatory Authority (FINRA) "ordered Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC to pay more than $3.4 million in restitution to affected customers for unsuitable recommendations of volatility-linked exchange-traded products (ETPs) and related supervisory failures."
But here's a big one from 2018:
New York Times, Wells Fargo Said to Be Target of $1 Billion U.S. Fine
"Federal regulators are poised to impose a $1 billion fine on Wells Fargo for years of selling unnecessary products to customers, the toughest action by the Trump administration against a major bank."
I wish the New Jersey widow luck...