Mass Transfer Moratorium

A mass transfer is used to systematically transfer individuals and branch offices from one firm to another firm after a merger, acquisition, succession or consolidation. Nov. 27, 2025, is the last day firms can request a mass transfer this year. There will be a moratorium on mass transfer processing from Dec. 19, 2025, through Jan. 1, 2026.

Retrieve (and Schedule Payment for) the Preliminary Statement in E-Bill

Preliminary Statements are available in E-Bill beginning Nov. 10. Entitled users can view renewal accounts, generate annual renewal statements, pay annual renewal assessments, and enable email alerts about the Renewal Program. Many firms find it convenient to submit or schedule their payment while logged in to E-Bill to retrieve the statement. Preliminary Statement reports are available in CRD and IARD. Be sure to save or print reports before Final Statements are generated.

2023078410201 Wells Fargo Clearing Services, LLC CRD 19616 AWC vr (2025-1757636400669).pdf

From at least June 2019 to November 2024, Wells Fargo failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), that was reasonably designed to achieve compliance with Section 15B(a)(1)(B) of the Securities Exchange Act of 1934, which prohibits unregistered municipal advisory activity. As a result, Wells Fargo violated MSRB Rule G-27 and FINRA Rules 3110(a) and (b) and 2010. For these violations, Wells Fargo is censured and fined $275,000.

2018056490331 Mack Leon Miller CRD 2822317 AWC vr (2025-1757636400429).pdf

Between October 2019 and April 2022, Miller recommended to two retail customers a series of trades that were excessive, unsuitable, and not in the customers' best interests. As a result, Miller willfully violated the Best Interest Obligation under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Regulation BI or Reg BI) and violated FINRA Rules 2111 and 2010. For these violations, Miller is suspended for nine months in all capacities...
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