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Violation Tracker Current Parent Company Summary

Current Parent Company Name: Wells Fargo
Ownership Structure: publicly traded (ticker symbol WFC)
Headquartered in: California
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000: $27,616,269,231
Number of records: 266
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$11,542,492,25260
financial offenses$10,735,220,989127
competition-related offenses$3,212,570,0006
government-contracting-related offenses$1,204,046,7862
employment-related offenses$921,403,20465
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$5,790,156,74340
mortgage abuses$5,625,783,6717
banking violation$4,091,194,88618
toxic securities abuses$3,637,750,0007
fraud$3,000,000,0001
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 totals are adjusted to account for the fact that the individual 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. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

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

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYear sort iconAgencyPenalty Amount
Prudential Securities Incorporatedinvestor protection violation2000SEC$5,880,000
First Union Banklabor relations violation2000NLRB$9,116
Wachovia National Bank, N.A.benefit plan administrator violation2000EBSA$30,000,000
First Union Securities, Inc.investor protection violation2000SEC$408,931
First Union Securities, Inc.investor protection violation2000FINRA$350,000
A.G. Edwards & Sons, Inc.investor protection violation2000FINRA$5,890,000
Prudential Securities, Inc.investor protection violation2000FINRA$100,000
Prudential Securities Incorporatedinvestor protection violation2001SEC$800,000
Prudential Securities Incorporatedinvestor protection violation2001FINRA$20,000
Prudential Securities, Inc.investor protection violation2001FINRA$10,000
First Union Brokerage Services, Inc.investor protection violation2001FINRA$32,500
Prudential Securities, Inc.data submission deficiencies2002CFTC$65,000
Norwest Investment Services, Inc.investor protection violation2002SEC$153,245
A.G. Edwards & Sons, Inc.data submission deficiencies2003CFTC$45,000
Wells Fargo Bankeconomic sanction violation2003OFAC$5,500
Prudential Securities, Inc.investor protection violation2003SEC$382,000
Wells Fargo Financial Bankconsumer protection violation2003NY-AG$33,500
Wells Fargo Home Mortgage, Inc.consumer protection violation2003CA-SCCDA$25,000
Wells Fargo Financial Texas, Inc.employment discrimination2003EEOC$110,000
A.G. Edwards & Sons Inc.investor protection violation2003NE-DBF$20,000
First Union Bankeconomic sanction violation2004OFAC$18,740
Wachovia Bankeconomic sanction violation2004OFAC$11,000
Wachovia Corporationinvestor protection violation2004SEC$37,000,000
Strong Capital Management, Inc.investor protection violation2004SEC$80,000,000
Wachovia Securities, LLCinvestor protection violation2004SEC$4,844,465
Wells Fargo Bank, National Associationwage and hour violation2004WHD$228,209
Wachovia Bankwage and hour violation2004WHD$5,798,744
Strong Capital Management Co.investor protection violation2004MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $115,000,000
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Ragen Mackenzie Investment Services LLCinvestor protection violation2004OR-FIN$8,500
WFS Financial, Inc.discriminatory practices (non-employment)2004private lawsuit-federal$4,550,000
Wachovia Securities LLCinvestor protection violation2004FINRA$650,000
Wells Fargo Investments, LLCinvestor protection violation2004FINRA$150,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
WELLS FARGO SECURITIES, LLC.workplace safety or health violation2004OSHA$5,000
Wachovia Bankeconomic sanction violation2005OFAC$5,500
Wells Fargo Bankeconomic sanction violation2005OFAC$42,833
Wells Fargo Bank, National Associationbanking violation2005OCC$115,000
Wells Fargo Financial Leasing, Inc.consumer protection violation2005MULTI-AG$10,000,000
Wells Fargo Financial California, Inc.consumer protection violation2005CA-DFPI$1,621,010
Wells Fargo Investmentsinvestor protection violation2005FINRA$3,000,000
Wells Fargo Investments, LLCinvestor protection violation2005FINRA$2,970,000
Wells Fargo Bank, National Associationwage and hour violation2005CA-LCO$6,572
A.G. Edwards & Sons, Inc.investor protection violation2006SEC$125,000
Wachovia Capital Markets, LLCinvestor protection violation2006SEC$125,000
Wells Fargo BankFamily and Medical Leave Act2006WHD$5,152
Strong Capital Management, Inc.investor protection violation2006SEC$2,185,927
Wachovia Capital Markets LLCinvestor protection violation2006MULTI-AG$25,000,000
Wachovia Bankeconomic sanction violation2007OFAC$11,000
Evergreen Investment Management Companyinvestor protection violation2007SEC$32,500,000
A.G. Edwards & Sons, Inc.investor protection violation2007SEC$3,860,000
A.G. Edwardswage and hour violation2007private lawsuit-federal$20,000,000
Wells Fargowage and hour violation2007private lawsuit-federal$12,800,000
Wachovia Capital Markets, LLCinvestor protection violation2007MD-AG$402,386
Wachovia Capital Markets, LLCinvestor protection violation2007CT-SEC$258,728
Wachovia Securities LLCinvestor protection violation2007ND-SEC$75,000
A.G. Edwards & Sons Inc.investor protection violation2007SC-SEC$575,000
Wachovia Capital Markets LLCinvestor protection violation2007MULTI-FIN$24,650,000
Wachovia Capital Markets, LLCinvestor protection violation2007FINRA$300,000
Wells Fargo Securities, LLCinvestor protection violation2007FINRA$250,000
Wachovia Securities LLCinvestor protection violation2007FINRA$2,000,000
A.G. Edwards and Sons Inc.economic sanction violation2008OFAC$122,358
Wachovia Bank, National Associationbanking violation2008OCC$168,900,000
A.G. Edwards & Sons, Inc.investor protection violation2008NJ-AG$387,000
Wachovia Securitiesinvestor protection violation2008MULTI-AG$60,000,000
Wells Fargo BankFalse Claims Act and related2008USAO$4,046,786
Wachovia Securities, LLCinvestor protection violation2008MD-SEC$50,000
A.G. Edwards & Sons Inc.investor protection violation2008TX-SEC$5,000
Wachovia Securities LLCinvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000
Prudential Securitiesinvestor protection violation2008FINRA$1,050,000
WELLS FARGO FINANCIAL BANKbanking violation2009FDIC$125,000
Wells Fargo Bank, National Associationbanking violation2009OCC$51,205
Evergreen Investment Management Company LLCinvestor protection violation2009SEC$40,000,000
Wachovia Securitieswage and hour violation2009private lawsuit-federal$39,000,000
A.G. Edwardswage and hour violation2009private lawsuit-federal$12,000,000
Wachovia Securitiesbenefit plan administrator violation2009private lawsuit-federal$1,005,000
Wachovia Securities, LLCinvestor protection violation2009DE-AG$309,000
Wells Fargoinvestor protection violation2009CA-AG$1,400,000,000
Wells Fargo Investments, LLCinvestor protection violation2009MULTI-FIN$1,900,000
Wells Fargo Investments, LLCinvestor protection violation2009FINRA$275,000
Wachovia Securities, LLCinvestor protection violation2009FINRA$1,400,000
Wachovia Securities, LLC and First Clearing, LLCinvestor protection violation2009FINRA$1,100,000
Wachovia Securitiesinvestor protection violation2009FINRA$4,500,000
Wachovia Bank N.A.banking violation2010OCC$50,000,000
Wachovia Bankanti-money-laundering deficiencies2010FINCEN$110,000,000
Wachovia Bank N.A.anti-money-laundering deficiencies2010USAO$50,000,000
Wachovia Financial Serviceswage and hour violation2010private lawsuit-federal$450,000
Wells Fargowage and hour violation2010private lawsuit-federal$20,000,000
Wells Fargoconsumer protection violation2010MULTI-AG$23,700,000
Wells Fargomortgage abuses2010CA-AG$33,868,615
Wells Fargo Bank, N.Aeconomic sanction violation2010OFAC$67,500
Wachovia Securities, LLCinvestor protection violation2010AK-DBS$129,131
Wachovia Securities, LLC nka Wells Fargo Advisors, LLCinvestor protection violation2010CT-SEC$75,000
Wells Fargo Advisors, LLCinvestor protection violation2010IN-SEC$8,495
Wells Fargo Home Mortgage Incwage and hour violation2010MI-LEO$9,222
Wachovia Bank N.A.price-fixing or anti-competitive practices2011DOJ_ANTITRUST$148,000,000
Wells Fargo Bank, National Associationbanking violation2011OCC$34,500,000
Wells Fargo & Companybanking violation2011FED$85,000,000
Wells Fargo Securities LLCtoxic securities abuses2011SEC$11,000,000
Wells Fargo & CompanyAmericans with Disabilities Act2011DOJ_RIGHTS$16,055,000
Wells Fargo Bank NAwage and hour violation2011WHD$31,770
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.