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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$22,081,446,244
Number of records: 228
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$10,402,453,489121
consumer-protection-related offenses$6,421,664,48436
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
employment-related offenses$904,745,48560
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
banking violation$4,023,432,38617
toxic securities abuses$3,637,750,0007
fraud$3,000,000,0001
investor protection violation$2,487,362,73582
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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Company sort iconPrimary Offense TypeYearAgencyPenalty Amount
Wells Fargo Bank, National Associationwage and hour violation2005CA-LCO$6,572
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Networkinvestor protection violation2020SEC$35,000,000
Wells Fargo Clearing Services, LLCinvestor protection violation2019MA-SEC$450,000
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2019SEC$17,363,847
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2020FINRA$2,075,000
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2017FINRA$3,400,000
WELLS FARGO FINANCIAL BANKbanking violation2009FDIC$125,000
Wells Fargo Financial Bankconsumer protection violation2003NY-AG$33,500
Wells Fargo Financial California, Inc.consumer protection violation2005CA-DFPI$1,621,010
Wells Fargo Financial Leasing, Inc.consumer protection violation2005MULTI-AG$10,000,000
Wells Fargo Financial Texas, Inc.employment discrimination2003EEOC$110,000
Wells Fargo Fund Distributor, LLCconsumer protection violation2014CA-DFPI$8,000
Wells Fargo Home Mortgagediscriminatory practices (non-employment)2014HUD$5,000,000
Wells Fargo Home Mortgage, Inc.consumer protection violation2003CA-SCCDA$25,000
Wells Fargo Insurance Serviceswage and hour violation2015private lawsuit-federal$2,000,000
Wells Fargo Investmentsinvestor protection violation2005FINRA$3,000,000
Wells Fargo Investments, LLCinvestor protection violation2009MULTI-FIN$1,900,000
Wells Fargo Investments, LLCinvestor protection violation2011FINRA$2,000,000
Wells Fargo Investments, LLCinvestor protection violation2009FINRA$275,000
Wells Fargo Investments, LLCinvestor protection violation2005FINRA$2,970,000
Wells Fargo Investments, LLCinvestor protection violation2004FINRA$150,000
Wells Fargo Securitiesinvestor protection violation2019SEC$812,500
Wells Fargo Securities LLCtoxic securities abuses2011SEC$11,000,000
Wells Fargo Securities, LLCinvestor protection violation2014FINRA$4,000,000
Wells Fargo Securities, LLCinvestor protection violation2007FINRA$250,000
Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLCinvestor protection violation2016FINRA$4,000,000
WELLS FARGO SECURITIES, LLC.workplace safety or health violation2004OSHA$5,000
WFS Financial, Inc.discriminatory practices (non-employment)2004private lawsuit-federal$4,550,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.