An arbitration panel has ordered a former Wells Fargo Advisors LLC broker to repay the company a signing bonus of nearly $1.3 million.

The Financial Industry Regulatory Authority panel ruled against Roland Hansalik, who worked in a Los Angeles branch of Wells Fargo from March 2008 to July 2009.

Hansalik's bonus was secured by a promissory note, as is customary among brokerages, which outline terms of repayment. The amount is usually forgiven incrementally over time — typically seven to 10 years — as long as a broker remains with the firm. The award in Hansalik's case did not give details regarding the circumstances of his departure or the exact terms of his bonus agreement.

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