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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$21,881,892,841
Number of records: 222
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$705,192,08254
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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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon
A.G. Edwards & Sons Inc.investor protection violation2008TX-SEC$5,000
WELLS FARGO SECURITIES, LLC.workplace safety or health violation2004OSHA$5,000
Wells Fargo BankFamily and Medical Leave Act2006WHD$5,152
Wachovia Bankeconomic sanction violation2005OFAC$5,500
Wells Fargo Bankeconomic sanction violation2003OFAC$5,500
Wells Fargo Fund Distributor, LLCconsumer protection violation2014CA-DFPI$8,000
Wells Fargo Advisors, LLCinvestor protection violation2010IN-SEC$8,495
Ragen Mackenzie Investment Services LLCinvestor protection violation2004OR-FIN$8,500
WELLS FARGO BANK, NAworkplace safety or health violation2017OSHA$9,000
First Union Banklabor relations violation2000NLRB$9,116
Prudential Securities, Inc.investor protection violation2001FINRA$10,000
Wachovia Bankeconomic sanction violation2007OFAC$11,000
Wachovia Bankeconomic sanction violation2004OFAC$11,000
Wells Fargo Bank, N. A.Family and Medical Leave Act2016WHD$11,874
WELLS FARGO BANK #1692workplace safety or health violation2013OSHA$12,000
Wells Fargoemployment discrimination2015OFCCP$14,000
First Union Bankeconomic sanction violation2004OFAC$18,740
A.G. Edwards & Sons Inc.investor protection violation2003NE-DBF$20,000
Prudential Securities Incorporatedinvestor protection violation2001FINRA$20,000
Wells Fargo Bank, N.A.economic sanction violation2013OFAC$23,937
Wells Fargo Home Mortgage, Inc.consumer protection violation2003CA-SCCDA$25,000
A.G. Edwards & Sons, Inc.investor protection violation2017MO-SEC$25,672
Wells Fargo Bank NAwage and hour violation2011WHD$31,770
First Union Brokerage Services, Inc.investor protection violation2001FINRA$32,500
Wells Fargo Financial Bankconsumer protection violation2003NY-AG$33,500
Wells Fargo Advisors Financial Network, LLCinvestor protection violation2016NH-BSR$35,000
Wells Fargo Bankwage and hour violation2016WHD$38,230
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
Wells Fargo Bankeconomic sanction violation2005OFAC$42,833
A.G. Edwards & Sons, Inc.data submission deficiencies2003CFTC$45,000
Wachovia Securities, LLCinvestor protection violation2008MD-SEC$50,000
Wells Fargo Advisors LLCinvestor protection violation2012MD-SEC$50,000
Wells Fargo Bank, National Associationbanking violation2009OCC$51,205
Wells Fargo Bank N.A.wage and hour violation2019WHD$57,675
Prudential Securities, Inc.data submission deficiencies2002CFTC$65,000
Wells Fargo Bank, N.Aeconomic sanction violation2010OFAC$67,500
Wachovia Securities, LLC nka Wells Fargo Advisors, LLCinvestor protection violation2010CT-SEC$75,000
Wachovia Securities LLCinvestor protection violation2007ND-SEC$75,000
Wells Fargo Bankwage and hour violation2011private lawsuit-federal$100,000
Prudential Securities, Inc.investor protection violation2000FINRA$100,000
Wells Fargo & Companywage and hour violation2014WHD$100,001
Wells Fargo Financial Texas, Inc.employment discrimination2003EEOC$110,000
Wells Fargo Bank, National Associationbanking violation2005OCC$115,000
A.G. Edwards and Sons Inc.economic sanction violation2008OFAC$122,358
WELLS FARGO FINANCIAL BANKbanking violation2009FDIC$125,000
A.G. Edwards & Sons, Inc.investor protection violation2006SEC$125,000
Wachovia Capital Markets, LLCinvestor protection violation2006SEC$125,000
Wells Fargo Bankdiscriminatory practices (non-employment)2021HUD$125,000
Wachovia Securities, LLCinvestor protection violation2010AK-DBS$129,131
Wells Fargo Investments, LLCinvestor protection violation2004FINRA$150,000
Norwest Investment Services, Inc.investor protection violation2002SEC$153,245
WELLS FARGO ADVISORSinvestor protection violation2015VA-SEC$205,000
Wells Fargo Bank, National Associationwage and hour violation2004WHD$228,209
Wells Fargo Securities, LLCinvestor protection violation2007FINRA$250,000
Wachovia Capital Markets, LLCinvestor protection violation2007CT-SEC$258,728
Wells Fargo Advisors, LLCinvestor protection violation2017IL-SEC$270,000
Wells Fargo Investments, LLCinvestor protection violation2009FINRA$275,000
Wells Fargo Bankwage and hour violation2012private lawsuit-federal$280,000
Wells Fargo Bank N.A.employment discrimination2019OFCCP$283,697
Wells Fargo Bank, N.A.employment discrimination2014EEOC$290,000
Wells Fargo & Companyemployment discrimination2014EEOC$295,000
Wells Fargo Advisors LLCinvestor protection violation2016VT-FIN$300,000
Wachovia Capital Markets, LLCinvestor protection violation2007FINRA$300,000
Wachovia Securities, LLCinvestor protection violation2009DE-AG$309,000
First Union Securities, Inc.investor protection violation2000FINRA$350,000
Prudential Securities, Inc.investor protection violation2003SEC$382,000
A.G. Edwards & Sons, Inc.investor protection violation2008NJ-AG$387,000
Wells Fargo Bank, N.A.data submission deficiencies2016CFTC$400,000
Wachovia Capital Markets, LLCinvestor protection violation2007MD-AG$402,386
First Union Securities, Inc.investor protection violation2000SEC$408,931
Wells Fargo Bank N.A. Municipal Products Groupinvestor protection violation2016SEC$440,000
Wachovia Financial Serviceswage and hour violation2010private lawsuit-federal$450,000
Wells Fargo Clearing Services, LLCinvestor protection violation2019MA-SEC$450,000
A.G. Edwards & Sons Inc.investor protection violation2007SC-SEC$575,000
Wells Fargoworkplace whistleblower retaliation2017OSHA$577,500
Wachovia Securities LLCinvestor protection violation2004FINRA$650,000
Wells Fargo Bankmortgage abuses2015MA-AG$675,000
Wells Fargowage and hour violation2017private lawsuit-federal$685,000
Wells Fargo Bankconsumer protection violation2011CT-AG$741,465
A.G. Edwards & Sons, Inc.investor protection violation2011MO-SEC$765,993
Prudential Securities Incorporatedinvestor protection violation2001SEC$800,000
Wells Fargo Securitiesinvestor protection violation2019SEC$812,500
Wells Fargomortgage abuses2012MD-AG$940,056
Wells Fargo Advisors, LLCinvestor protection violation2011FINRA$1,000,000
Wachovia Securitiesbenefit plan administrator violation2009private lawsuit-federal$1,005,000
Prudential Securitiesinvestor protection violation2008FINRA$1,050,000
Wachovia Securities, LLC and First Clearing, LLCinvestor protection violation2009FINRA$1,100,000
Wachovia Securities, LLCinvestor protection violation2009FINRA$1,400,000
Wells Fargo Advisors, LLC, Wells Fargo Advisors Financial Network, LLC and First Clearing, LLCinvestor protection violation2016FINRA$1,500,000
Wells Fargo Advisors and Wells Fargo Advisors Financial Networkanti-money-laundering deficiencies2014FINRA$1,500,000
Wells Fargo Financial California, Inc.consumer protection violation2005CA-DFPI$1,621,010
Wells Fargo Bankwage and hour violation2015private lawsuit-federal$1,850,000
Wells Fargo Investments, LLCinvestor protection violation2009MULTI-FIN$1,900,000
Wells Fargo Advisors, LLCinvestor protection violation2012FINRA$1,931,488
Wells Fargo Insurance Serviceswage and hour violation2015private lawsuit-federal$2,000,000
Wells Fargo Investments, LLCinvestor protection violation2011FINRA$2,000,000
Wachovia Securities LLCinvestor protection violation2007FINRA$2,000,000
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2020FINRA$2,075,000
Strong Capital Management, Inc.investor protection violation2006SEC$2,185,927
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Wells Fargo Investments, LLCinvestor protection violation2005FINRA$2,970,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.