Violation Tracker Parent Company Summary

Parent Company Name: 
Wells Fargo
Ownership Structure: 
publicly traded (ticker symbol WFC)
Headquartered in: 
California
Industry: 
banking
Penalty total since 2000: 
$11,306,514,147
Number of records: 
59
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,576,500,0002
banking violation$2,466,932,38613
toxic securities abuses$1,530,500,0005
False Claims Act$1,200,000,0001
securities issuance or trading violation$155,724,4654
price-fixing or anti-competitive practices$148,000,0001
anti-money-laundering deficiencies$110,000,0001
investor protection violation$37,632,0004
consumer protection violation$34,800,0001
Americans with Disabilities Act$16,055,0001
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty dollar total above may be adjusted to account for the fact that the list of entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. Duplicate penalty amounts are marked with an asterisk in the list below.

Associated Names: 

AG EDWARDS AND SONS; FIRST UNION BANK; PRUDENTIAL SECURITIES; STRONG CAPITAL MGT; WACHOVIA; WACHOVIA CAPITAL MARKETS; WELLS FARGO; WELLS FARGO BANK 1692; WELLS FARGO BANK NATIONAL ASSOCIATION; WELLS FARGO FINANCIAL BANK; WELLS FARGO SECURITIES

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

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Company Primary Offense Type Year Agency Penalty Amountsort icon
Wells Fargo & Company mortgage abuses 2012 DOJ_CIVIL $5,342,200,000
Wells Fargo banking violation 2013 OCC $1,991,141,181
Wells Fargo Bank, National Association False Claims Act 2016 DOJ_CIVIL $1,200,000,000
Wells Fargo Bank, National Association toxic securities abuses 2013 FHFA $869,000,000
Wells Fargo toxic securities abuses 2013 FHFA $591,000,000
Wells Fargo Bank mortgage abuses 2012 DOJ_RIGHTS $234,300,000
Wachovia Bank N.A. price-fixing or anti-competitive practices 2011 DOJ_ANTITRUST $148,000,000
Strong Capital Management, Inc. securities issuance or trading violation 2004 SEC $140,000,000
Wachovia Bank anti-money-laundering deficiencies 2010 FINCEN $110,000,000
Wells Fargo Bank banking violation 2016 CFPB $100,000,000
Wells Fargo & Company banking violation 2012 FED $87,000,000
Wells Fargo & Company banking violation 2011 FED $85,000,000
Wells Fargo Bank, N.A. banking violation 2016 OCC $70,000,000
Wachovia toxic securities abuses 2015 NCUA $53,000,000
Wachovia Bank N.A. banking violation 2010 OCC $50,000,000
Wachovia Corporation investor protection violation 2004 SEC $37,000,000
Wells Fargo Bank banking violation 2016 OCC $35,000,000
Wells Fargo consumer protection violation 2015 CFPB $34,800,000
Wells Fargo Bank, National Association banking violation 2011 OCC $34,500,000
Wells Fargo & Company Americans with Disabilities Act 2011 DOJ_RIGHTS $16,055,000
Wells Fargo Securities LLC toxic securities abuses 2011 SEC $11,000,000
Wachovia Bank, National Association banking violation 2008 OCC $10,000,000
Wells Fargo toxic securities abuses 2012 SEC $6,500,000
Prudential Securities Incorporated securities issuance or trading violation 2000 SEC $5,880,000
Wachovia Bank wage and hour violation 2004 WHD $5,798,744
Wells Fargo Bank N.A workplace whistleblower retaliation 2017 OSHA $5,400,000
Wells Fargo Advisors LLC securities issuance or trading violation 2014 SEC $5,000,000
Wells Fargo Home Mortgage discriminatory practices 2014 HUD $5,000,000
Wachovia Securities, LLC securities issuance or trading violation 2004 SEC $4,844,465
Wells Fargo Bank N.A. Servicemembers Civil Relief Act 2016 DOJ_RIGHTS $4,100,000
Wells Fargo Bank student loan abuses 2016 CFPB $4,010,000
Wells Fargo Bank, National Association banking violation 2015 OCC $4,000,000
A.G. Edwards & Sons, Inc. financial institution supervision failures 2007 SEC $3,860,000
Wells Fargo workplace whistleblower retaliation 2017 OSHA $577,500
Wells Fargo Bank, N.A. data submission deficiencies 2016 CFTC $400,000
Prudential Securities, Inc. investor protection violation 2003 SEC $382,000
Wells Fargo & Company employment discrimination 2014 EEOC $295,000
Wells Fargo Bank, N.A. employment discrimination 2014 EEOC $290,000
Wells Fargo Bank, National Association wage and hour violation 2004 WHD $228,209
WELLS FARGO FINANCIAL BANK banking violation 2009 FDIC $125,000
A.G. Edwards & Sons, Inc. investor protection violation 2006 SEC $125,000
Wachovia Capital Markets, LLC investor protection violation 2006 SEC $125,000
A.G. Edwards and Sons Inc. economic sanction violation 2008 OFAC $122,358
Wells Fargo Bank, National Association banking violation 2005 OCC $115,000
Prudential Securities, Inc. data submission deficiencies 2002 CFTC $65,000
Wells Fargo Bank, National Association banking violation 2009 OCC $51,205
A.G. Edwards & Sons, Inc. data submission deficiencies 2003 CFTC $45,000
Wells Fargo Bank economic sanction violation 2005 OFAC $42,833
Wells Fargo Bank NA wage and hour violation 2011 WHD $31,770
First Union Bank economic sanction violation 2004 OFAC $18,740
Wells Fargo employment discrimination 2015 OFCCP $14,000
WELLS FARGO BANK #1692 workplace safety or health violation 2013 OSHA $12,000
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
Wachovia Bank economic sanction violation 2007 OFAC $11,000
Wachovia Bank economic sanction violation 2004 OFAC $11,000
First Union Bank labor relations violation 2000 NLRB $9,116
Wachovia Bank economic sanction violation 2005 OFAC $5,500
Wells Fargo Bank economic sanction violation 2003 OFAC $5,500
Wells Fargo Bank Family and Medical Leave Act 2006 WHD $5,152
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