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Wells Fargo's trading division in St. Louis "willfully violated" U.S. regulations by not reporting potentially illicit transactions by deadline on at least 50 occasions after retooling its anti-money laundering program 10 years ago, the Securities and Exchange Commission announced Friday. Forty-five of the suspicious activity reports that Wells Fargo Advisors neglected to file by the 120-day deadline pertained to "continuing activity" by clients who had already triggered a SAR. The remaining five covered a one-time suspicious payment or the first of a related batch of payments, according to the SEC, which fined the brokerage $7 million for the infractions. After...