Wells Fargo Ex-General Counsel Fined $3.5 Million in Sales Probe

Wells Fargo & Co’s former general counsel James Strother agreed to pay a $3.5 million fine to the U.S. Treasury for his role in the bank’s sales-practices scandal.

Strother also agreed to a cease-and-desist order and to cooperate with federal regulators in investigations of the San Francisco-based bank’s misconduct, the U.S. Office of the Comptroller of the Currency announced Friday in a statement.

“Jim Strother is an honorable man who dedicated over 30 years in the service of Wells Fargo,” Walt Brown, his lawyer at Orrick, said in a statement. “He retired in 2017, and is pleased ...