Wells Fargo agreed to pay $35 million to settle a dispute with a group of more than 500 black brokers who claimed the bank failed to give them the same career opportunities as their white colleagues. The bank also agreed to add employees tasked with recruiting and coaching black brokers, and to set up a $500,000 business-development fund.

DISCRIMINATION CLAIMS.    Black employees were passed over when brokers picked teammates or successors, and lucrative client accounts were often steered toward financial advisers who weren’t black, they said. Black workers were assigned to territories or branches that generated less money.

In recent years, other big Wall Street brokerage firms have settled lawsuits alleging sex or racial discrimination. BofA Merrill Lynch agreed in 2013 to pay $160 million to settle with black brokers and to pay $39 million to female employees. In 2007, Morgan Stanley agreed to pay $16 million to a group of black brokers.