Based in San Francisco, the company has garnered attention in recent years due to illegal financial practices.
However, its employees appear to be held to much higher standards than (former) management figures.
Finra’s disclosure lacks details about the specific circumstances under which these employees were simulating their work.
Since 2016, Wells Fargo has paid billions to settle civil and criminal charges brought by affected customers.
The former manager responsible for the bank’s retail operations was sentenced to three years of probation.
Additionally, Wells Fargo’s former CEO has been permanently banned from the banking industry.
