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December 5, 2011
FINRA Fines Wells Investment Securities, Inc., for Misleading Marketing Materials

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Wells Investment Securities, Inc. $300,000 for using misleading marketing materials in the sale of Wells Timberland REIT, Inc., a non-traded Real Estate Investment Trust (REIT).   It was noted that Wells was the dealer-manager and wholesaler for the public offering of Wells Timberland REIT, which […]

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