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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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CompanyPrimary Offense TypeYearAgency sort iconPenalty Amount
Wells Fargo Bankmortgage abuses2015MD-AG$13,800,000
Wells Fargo & Co.investor protection violation2020MD-AG$20,000,000
Wells Fargo Clearing Services, LLCinvestor protection violation2019MA-SEC$450,000
Wells Fargo Bankmortgage abuses2015MA-AG$675,000
Wells Fargo Advisors, LLCinvestor protection violation2010IN-SEC$8,495
Wells Fargo Advisors, LLCinvestor protection violation2017IL-SEC$270,000
Wells Fargotoxic securities abuses2018IL-AG$17,250,000
Wells Fargo Home Mortgagediscriminatory practices (non-employment)2014HUD$5,000,000
Wells Fargo Bankdiscriminatory practices (non-employment)2021HUD$125,000
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 Securities, LLC and Wells Fargo Prime Services, LLCinvestor protection violation2016FINRA$4,000,000
Wells Fargo Advisors, LLC, Wells Fargo Advisors Financial Network, LLC and First Clearing, LLCinvestor protection violation2016FINRA$1,500,000
Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2015FINRA$15,000,000
Wells Fargo Advisors and Wells Fargo Advisors Financial Networkanti-money-laundering deficiencies2014FINRA$1,500,000
Wells Fargo Securities, LLCinvestor protection violation2014FINRA$4,000,000
Wells Fargo Advisors, LLCinvestor protection violation2013FINRA$3,250,000
Wells Fargo Advisors, LLCinvestor protection violation2012FINRA$1,931,488
Wells Fargo Investments, LLCinvestor protection violation2011FINRA$2,000,000
Wells Fargo Advisors, LLCinvestor protection violation2011FINRA$1,000,000
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
Prudential Securitiesinvestor protection violation2008FINRA$1,050,000
Wachovia Capital Markets, LLCinvestor protection violation2007FINRA$300,000
Wells Fargo Securities, LLCinvestor protection violation2007FINRA$250,000
Wachovia Securities LLCinvestor protection violation2007FINRA$2,000,000
Wells Fargo Investmentsinvestor protection violation2005FINRA$3,000,000
Wells Fargo Investments, LLCinvestor protection violation2005FINRA$2,970,000
Wachovia Securities LLCinvestor protection violation2004FINRA$650,000
Wells Fargo Investments, LLCinvestor protection violation2004FINRA$150,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
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
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
Wachovia Bankanti-money-laundering deficiencies2010FINCEN$110,000,000
Wells Fargotoxic securities abuses2013FHFA$591,000,000
Wells Fargo Bank, National Associationtoxic securities abuses2013FHFA$869,000,000
Wells Fargo & Companybanking violation2012FED$87,000,000
Wells Fargo & Companybanking violation2011FED$85,000,000
WELLS FARGO FINANCIAL BANKbanking violation2009FDIC$125,000
Wells Fargo Bank, N.A.employment discrimination2014EEOC$290,000
Wells Fargo & Companyemployment discrimination2014EEOC$295,000
Wells Fargo Financial Texas, Inc.employment discrimination2003EEOC$110,000
Wachovia National Bank, N.A.benefit plan administrator violation2000EBSA$30,000,000
Wells Fargo and Companybenefit plan administrator violation2022EBSA$145,000,000
Wells Fargo Bank N.A.bankruptcy professional violation2015DOJ_UTP$81,600,000
Wells Fargo Bankmortgage abuses2012DOJ_RIGHTS$234,300,000
Wells Fargo & CompanyAmericans with Disabilities Act2011DOJ_RIGHTS$16,055,000
Wells Fargo Bank N.A.consumer protection violation2016DOJ_RIGHTS$4,100,000
Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Servicesconsumer protection violation2017DOJ_RIGHTS$5,400,000
Wells Fargo Bank, National AssociationFalse Claims Act and related2016DOJ_CIVIL$1,200,000,000
Wells Fargo Bank, N.A.toxic securities abuses2018DOJ_CIVIL$2,090,000,000
Wells Fargo & Companyfraud2020DOJ_CIVIL$3,000,000,000
Wachovia Bank N.A.price-fixing or anti-competitive practices2011DOJ_ANTITRUST$148,000,000
Wells Fargo & Companymortgage abuses2012DOJ$5,342,200,000
Wachovia Securities, LLCinvestor protection violation2009DE-AG$309,000
Wachovia Capital Markets, LLCinvestor protection violation2007CT-SEC$258,728
Wachovia Securities, LLC nka Wells Fargo Advisors, LLCinvestor protection violation2010CT-SEC$75,000
Wells Fargo Bankconsumer protection violation2011CT-AG$741,465
A.G. Edwards & Sons, Inc.data submission deficiencies2003CFTC$45,000
Prudential Securities, Inc.data submission deficiencies2002CFTC$65,000
Wells Fargo Bank, N.A.data submission deficiencies2016CFTC$400,000
Wells Fargo Bank, N.A.investor protection violation2019CFTC$14,475,000
Wells Fargoconsumer protection violation2015CFPB$34,800,000
Wells Fargo Bankconsumer protection violation2016CFPB$4,010,000
Wells Fargo Bankbanking violation2016CFPB$100,000,000
Wells Fargo Bank N.A.consumer protection violation2018CFPB$500,000,000
Wells Fargo Home Mortgage, Inc.consumer protection violation2003CA-SCCDA$25,000
Wells Fargo Bank, National Associationwage and hour violation2022CA-LCO$9,795
Wells Fargo Bank, National Associationwage and hour violation2013CA-LCO$37,036
Wells Fargo Bank, National Associationwage and hour violation2005CA-LCO$6,572
Wells Fargoconsumer protection violation2016CA-LACA$50,000,000
Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc.insurance violation2019CA-INS$5,345,816
Wells Fargo Financial California, Inc.consumer protection violation2005CA-DFPI$1,621,010
Wells Fargo Fund Distributor, LLCconsumer protection violation2014CA-DFPI$8,000
Wells Fargomortgage abuses2010CA-AG$33,868,615
Wells Fargoinvestor protection violation2009CA-AG$1,400,000,000
Wells Fargo Bankprivacy violation2016CA-AG$8,500,000
Wachovia Securities, LLCinvestor protection violation2010AK-DBS$129,131
Wells Fargowage and hour violation2018private lawsuit-state$27,500,000
Wells Fargowage and hour violation2017private lawsuit-state$13,000,000
Wells Fargo Advisorswage and hour violation2017private lawsuit-federal$3,500,000
Wells Fargowage and hour violation2017private lawsuit-federal$685,000
Wells Fargowage and hour violation2017private lawsuit-federal$3,900,000
Wells Fargo Insurance Serviceswage and hour violation2015private lawsuit-federal$2,000,000
Wells Fargo Bankwage and hour violation2015private lawsuit-federal$1,850,000
Wells Fargowage and hour violation2014private lawsuit-federal$15,000,000
Wells Fargowage and hour violation2014private lawsuit-state$3,000,000
Wells Fargo Advisorswage and hour violation2013private lawsuit-federal$4,000,000
Wells Fargo Bankwage and hour violation2012private lawsuit-federal$280,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,660,000
Wells Fargo Bankwage and hour violation2011private lawsuit-federal$100,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,720,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,900,000
Wachovia Financial Serviceswage and hour violation2010private lawsuit-federal$450,000
Wells Fargowage and hour violation2010private lawsuit-federal$20,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.