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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
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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CompanyPrimary Offense TypeYear sort iconAgencyPenalty Amount
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2019SEC$17,363,847
Wells Fargo Bank, N.A.investor protection violation2019CFTC$14,475,000
Wells Fargo Bank N.A.employment discrimination2019OFCCP$283,697
Wells Fargo Bank N.A.wage and hour violation2019WHD$57,675
Wells Fargo Bank, N.A. and Wells Fargo Insurance, violation2019CA-INS$5,345,816
Wells Fargo Clearing Services, LLCinvestor protection violation2019MA-SEC$450,000
Wells Fargo & Co.discriminatory practices (non-employment)2019private lawsuit-federal$10,000,000
Wells Fargo & Companywage and hour violation2020private lawsuit-federal$35,000,000
Wells Fargo & Companyfraud2020DOJ_CIVIL$3,000,000,000
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Networkinvestor protection violation2020SEC$35,000,000
Wells Fargo & Co.investor protection violation2020SEC(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $500,000,000
Wells Fargo & Co.investor protection violation2020MD-AG$20,000,000
Wells Fargo Bank, N.A.employment discrimination2020OFCCP$7,800,000
Wells Fargo Bankwage and hour violation2020private lawsuit-federal$10,928,870
Wells Fargo & Companybenefit plan administrator violation2020private lawsuit-federal$79,000,000
Wells Fargo Bank, N.A.wage and hour violation2020private lawsuit-federal$25,696,122
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2020FINRA$2,075,000
Wells Fargo & Co.employment discrimination2021private lawsuit-federal$18,700,000
Wells Fargo Bankdiscriminatory practices (non-employment)2021HUD$125,000
Wells Fargo Bank, National Associationbanking violation2021OCC$250,000,000
Wells Fargo Bank, N.A.banking violation2021USAO$72,600,000
Wells Fargo Bank, N.A.privacy violation2021private lawsuit-federal$28,000,000
Wells Fargo Bank, N.A.wage and hour violation2021private lawsuit-federal$95,696,122
Wells Fargo Advisorsanti-money-laundering deficiencies2022SEC$7,000,000
Wells Fargo Bank, National Associationwage and hour violation2022CA-LCO$9,795
Wells Fargo and Companybenefit plan administrator violation2022EBSA$145,000,000
Wells Fargoworkplace whistleblower retaliation2022OSHA$22,000,000
Wells Fargo & Co.benefit plan administrator violation2022private lawsuit-federal$32,500,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.