The SEC said Wells Fargo had agreed to pay a $35 million penalty to settle charges that the giant consumer bank had overcharged nearly 11,000 investment advisory accounts by a total of more than $26.8 million in advisory fees. The SEC also said Wells Fargo had “paid affected accountholders approximately $40 million, including interest, to reimburse them for the overcharging.” Some Wells...
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SpaceX, Klaviyo, LLMs: Highlight Stories From This Week
This week we were treated to not one but two big tech IPOs! Plus, two tech juggernauts—Amazon and Microsoft—held big, flashy product launch events. Through it all, The Information’s newsroom pumped out a string of scoops, analyses and meaty newsletters.
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