Wells Fargo has terminated three advisors in Florida and California over alleged improper insurance sales practices. The firings revolve around allegations that the advisors wrongfully collected sales credits on insurance policies between 2011 and 2015. The violations occurred while the advisors were employed as personal bankers at Wells Fargo before shifting to join Wells Fargo Advisors. Florida-based advisor, Aaron Stevens, was terminated due to the matter while California-based advisors, Michelle Hasten and Justin Dorado, were also fired. 

A brokerage industry expert claims that a fourth broker was terminated in Dallas over a sales credit dilemma. 

Commentators speculate that the bank is discovering such old allegations as the company reaches out to clients in an effort to remediate based on regulatory settlements. Wells Fargo terminated Stevens and Hasten after each advisor received insurance referral credits for several policies that were cancelled briefly after issuance. Dorado was terminated because he "referred two bank co-workers to an insurance carrier and received referral sales credit," according to the U5 filing.