Wells Fargo will pay $35 million to settle U.S. advisory fee overcharging claims, accusing the company of overcharging over 10,900 investment advising accounts $26.8 million.

The SEC claims Wells Fargo and its predecessors overcharged clients who opened accounts before 2014.

Wells Fargo settled without admitting or rejecting the claims, and reimbursed $40 million, including interest.