Wells Fargo fined by SEC for brokers 'flipping' investments before they matured

Wells Fargo & Co. will pay $5.1 million to settle a U.S. regulator's claims that employees abused clients by persuading them to sell certain investments before maturity, generating large fees for the lender. Brokers with Wells Fargo Advisors, from January 2009 to June 2013, encouraged retail customers...