Wells Fargo, BofA Units Pay SEC $60M Over Cash Sweeps <https://www.law360.com/newyork/articles/2285868?nl_pk=b53aa520-5013-4a8d-a57c-18936227adef&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2025-01-21&read_main=1&nlsidx=0&nlaidx=5> By Sarah Jarvis The U.S. Securities and Exchange Commission on Friday announced that Merrill Lynch and two units of Wells Fargo will pay a combined $60 million to settle claims they failed to implement preventative procedures concerning their cash sweep programs. 2 documents attached | Read full article » <https://www.law360.com/newyork/articles/2285868?nl_pk=b53aa520-5013-4a8d-a57c-18936227adef&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2025-01-21&read_more=1&nlsidx=0&nlaidx=5> | Save to favorites » <https://www.law360.com/newyork/articles/2285868?nl_pk=b53aa520-5013-4a8d-a57c-18936227adef&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2025-01-21&read_later=1&nlsidx=0&nlaidx=5>