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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 Advisors LLCinvestor protection violation2014SEC$5,000,000
Wells Fargo Advisors LLCinvestor protection violation2018SEC$5,108,441
Wells Fargo Advisors LLCinvestor protection violation2012MD-SEC$50,000
Wells Fargo Advisors LLCinvestor protection violation2016VT-FIN$300,000
Wells Fargo Advisors Financial Network, LLCinvestor protection violation2016NH-BSR$35,000
Wells Fargo Advisors and Wells Fargo Advisors Financial Networkanti-money-laundering deficiencies2014FINRA$1,500,000
Wells Fargo Advisorswage and hour violation2017private lawsuit-federal$3,500,000
Wells Fargo Advisorswage and hour violation2013private lawsuit-federal$4,000,000
Wells Fargo Advisorsemployment discrimination2011private lawsuit-federal$32,000,000
Wells Fargo Advisorsemployment discrimination2017private lawsuit-federal$35,500,000
WELLS FARGO ADVISORSinvestor protection violation2015VA-SEC$205,000
Wells Fargo Advisorsanti-money-laundering deficiencies2022SEC$7,000,000
Wells Fargo & Companybanking violation2012FED$87,000,000
Wells Fargo & Companybanking violation2011FED$85,000,000
Wells Fargo & Companymortgage abuses2012DOJ$5,342,200,000
Wells Fargo & CompanyAmericans with Disabilities Act2011DOJ_RIGHTS$16,055,000
Wells Fargo & Companyemployment discrimination2014EEOC$295,000
Wells Fargo & Companybenefit plan administrator violation2011private lawsuit-federal$17,500,000
Wells Fargo & Companybenefit plan administrator violation2015private lawsuit-federal$7,420,000
Wells Fargo & Companyinvestor protection violation2018NY-AG$65,000,000
Wells Fargo & Companywage and hour violation2014WHD$100,001
Wells Fargo & Companywage and hour violation2020private lawsuit-federal$35,000,000
Wells Fargo & Companyfraud2020DOJ_CIVIL$3,000,000,000
Wells Fargo & Companybenefit plan administrator violation2020private lawsuit-federal$79,000,000
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 & Co.discriminatory practices (non-employment)2019private lawsuit-federal$10,000,000
Wells Fargo & Co.employment discrimination2021private lawsuit-federal$18,700,000
Wells Fargo & Co.benefit plan administrator violation2022private lawsuit-federal$32,500,000
Wells Fargoconsumer protection violation2015CFPB$34,800,000
Wells Fargobanking violation2013OCC$1,991,141,181
Wells Fargotoxic securities abuses2012SEC$6,500,000
Wells Fargotoxic securities abuses2013FHFA$591,000,000
Wells Fargoemployment discrimination2015OFCCP$14,000
Wells Fargowage and hour violation2018private lawsuit-state$27,500,000
Wells Fargowage and hour violation2017private lawsuit-state$13,000,000
Wells Fargowage and hour violation2017private lawsuit-federal$685,000
Wells Fargowage and hour violation2017private lawsuit-federal$3,900,000
Wells Fargowage and hour violation2014private lawsuit-federal$15,000,000
Wells Fargowage and hour violation2014private lawsuit-state$3,000,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,660,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,720,000
Wells Fargowage and hour violation2011private lawsuit-federal$6,900,000
Wells Fargowage and hour violation2010private lawsuit-federal$20,000,000
Wells Fargowage and hour violation2007private lawsuit-federal$12,800,000
Wells Fargoconsumer protection violation2010MULTI-AG$23,700,000
Wells Fargomortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,005,233,716
Wells Fargomortgage abuses2010CA-AG$33,868,615
Wells Fargoinvestor protection violation2009CA-AG$1,400,000,000
Wells Fargotoxic securities abuses2018IL-AG$17,250,000
Wells Fargomortgage abuses2012MD-AG$940,056
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Wells Fargoconsumer protection violation2016WV-AG$8,000,000
Wells Fargoconsumer protection violation2016CA-LACA$50,000,000
Wells Fargodiscriminatory practices (non-employment)2012private lawsuit-federal$7,500,000
Wells Fargoworkplace whistleblower retaliation2017OSHA$577,500
Wells Fargoworkplace whistleblower retaliation2022OSHA$22,000,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
Wachovia Securities, LLC nka Wells Fargo Advisors, LLCinvestor protection violation2010CT-SEC$75,000
Wachovia Securities, LLC and First Clearing, LLCinvestor protection violation2009FINRA$1,100,000
Wachovia Securities, LLCinvestor protection violation2004SEC$4,844,465
Wachovia Securities, LLCinvestor protection violation2009DE-AG$309,000
Wachovia Securities, LLCinvestor protection violation2011NJ-AG$3,200,000
Wachovia Securities, LLCinvestor protection violation2010AK-DBS$129,131
Wachovia Securities, LLCinvestor protection violation2008MD-SEC$50,000
Wachovia Securities, LLCinvestor protection violation2009FINRA$1,400,000
Wachovia Securities LLCinvestor protection violation2007ND-SEC$75,000
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
Wachovia Securities LLCinvestor protection violation2007FINRA$2,000,000
Wachovia Securities LLCinvestor protection violation2004FINRA$650,000
Wachovia Securitieswage and hour violation2009private lawsuit-federal$39,000,000
Wachovia Securitiesbenefit plan administrator violation2009private lawsuit-federal$1,005,000
Wachovia Securitiesinvestor protection violation2008MULTI-AG$60,000,000
Wachovia Securitiesinvestor protection violation2009FINRA$4,500,000
Wachovia National Bank, N.A.benefit plan administrator violation2000EBSA$30,000,000
Wachovia Financial Serviceswage and hour violation2010private lawsuit-federal$450,000
Wachovia Corporationinvestor protection violation2004SEC$37,000,000
Wachovia Corporationbenefit plan administrator violation2011private lawsuit-federal$12,350,000
Wachovia Capital Markets, LLCinvestor protection violation2006SEC$125,000
Wachovia Capital Markets, LLCinvestor protection violation2007MD-AG$402,386
Wachovia Capital Markets, LLCinvestor protection violation2007CT-SEC$258,728
Wachovia Capital Markets, LLCinvestor protection violation2007FINRA$300,000
Wachovia Capital Markets LLCinvestor protection violation2006MULTI-AG$25,000,000
Wachovia Capital Markets LLCinvestor protection violation2007MULTI-FIN$24,650,000
Wachovia Bank, National Associationbanking violation2008OCC$168,900,000
Wachovia Bank N.A.price-fixing or anti-competitive practices2011DOJ_ANTITRUST$148,000,000
Wachovia Bank N.A.banking violation2010OCC$50,000,000
Wachovia Bank N.A.anti-money-laundering deficiencies2010USAO$50,000,000
Wachovia Bank N.A.price-fixing or anti-competitive practices2011MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $58,750,000
Wachovia Bankanti-money-laundering deficiencies2010FINCEN$110,000,000
Wachovia Bankeconomic sanction violation2007OFAC$11,000
Wachovia Bankeconomic sanction violation2005OFAC$5,500
Wachovia Bankeconomic sanction violation2004OFAC$11,000
Wachovia Bankwage and hour violation2004WHD$5,798,744
Wachoviatoxic securities abuses2015NCUA$53,000,000
Strong Capital Management, Inc.investor protection violation2004SEC$80,000,000
Strong Capital Management, Inc.investor protection violation2006SEC$2,185,927
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
Ragen Mackenzie Investment Services LLCinvestor protection violation2004OR-FIN$8,500
Prudential Securities, Inc.data submission deficiencies2002CFTC$65,000
Prudential Securities, Inc.investor protection violation2003SEC$382,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.