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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$25,781,458,643
Number of records: 230
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$10,402,453,489121
consumer-protection-related offenses$10,121,664,48437
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
employment-related offenses$904,757,88461
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
consumer protection violation$4,369,338,97518
banking violation$4,023,432,38617
toxic securities abuses$3,637,750,0007
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 icon . AgencyPenalty Amount
Wells Fargo Bank, National Associationwage and hour violation2004WHD$228,209
Wachovia Bankwage and hour violation2004WHD$5,798,744
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
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Ragen Mackenzie Investment Services LLCinvestor protection violation2004OR-FIN$8,500
WFS Financial, Inc.discriminatory practices (non-employment)2004private lawsuit-federal$4,550,000
Wachovia Securities LLCinvestor protection violation2004FINRA$650,000
Wells Fargo Investments, LLCinvestor protection violation2004FINRA$150,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
WELLS FARGO SECURITIES, LLC.workplace safety or health violation2004OSHA$5,000
A.G. Edwards & Sons, submission deficiencies2003CFTC$45,000
Wells Fargo Bankeconomic sanction violation2003OFAC$5,500
Prudential Securities, Inc.investor protection violation2003SEC$382,000
Wells Fargo Financial Bankconsumer protection violation2003NY-AG$33,500
Wells Fargo Home Mortgage, Inc.consumer protection violation2003CA-SCCDA$25,000
Wells Fargo Financial Texas, Inc.employment discrimination2003EEOC$110,000
A.G. Edwards & Sons Inc.investor protection violation2003NE-DBF$20,000
Prudential Securities, submission deficiencies2002CFTC$65,000
Norwest Investment Services, Inc.investor protection violation2002SEC$153,245
Prudential Securities Incorporatedinvestor protection violation2001SEC$800,000
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
Prudential Securities Incorporatedinvestor protection violation2000SEC$5,880,000
First Union Banklabor relations violation2000NLRB$9,116
Wachovia National Bank, N.A.benefit plan administrator violation2000EBSA$30,000,000
First Union Securities, Inc.investor protection violation2000SEC$408,931
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
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.