Violation Tracker Parent Company Summary

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: 
$21,199,943,231
Number of records: 
179
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$15,634,893,68695
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
consumer-protection-related offenses$737,309,79126
employment-related offenses$475,170,96849
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
banking violation$3,700,832,38615
toxic securities abuses$3,637,750,0007
fraud$3,000,000,0001
investor protection violation$2,425,119,26153
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.

Associated Names: 

AG EDWARDS; AG EDWARDS AND SONS; Evergreen Investment Management Company LLC; FIRST UNION BANK; First Union Securities, Inc.; Norwest Investment Services, Inc.; PRUDENTIAL SECURITIES; Ragen Mackenzie Investment Services LLC; STRONG CAPITAL MGT; WACHOVIA; Wachovia Capital Markets, LLC; WACHOVIA FINANCIAL SVC; WACHOVIA NATIONAL BANK NA; Wachovia Securities, LLC nka Wells Fargo Advisors, LLC; WELLS FARGO; Wells Fargo Advisors Financial Network, LLC; WELLS FARGO BANK 1692; WELLS FARGO BANK NA D / B [...]

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

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.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Primary Offense Type Year Agency Penalty Amountsort icon
Wells Fargo & Company mortgage abuses 2012 DOJ $5,342,200,000
Wells Fargo & Company fraud 2020 DOJ_CIVIL $3,000,000,000
Wells Fargo Bank, N.A. toxic securities abuses 2018 DOJ_CIVIL $2,090,000,000
Wells Fargo banking violation 2013 OCC $1,991,141,181
Wells Fargo investor protection violation 2009 CA-AG $1,400,000,000
Wells Fargo Bank, National Association False Claims Act and related 2016 DOJ_CIVIL $1,200,000,000
Wells Fargo mortgage abuses 2012 MULTI-AG (*) $1,005,233,716
Wells Fargo Bank, National Association toxic securities abuses 2013 FHFA $869,000,000
Wells Fargo toxic securities abuses 2013 FHFA $591,000,000
Wells Fargo Bank N.A. banking violation 2018 MULTI-AG $575,000,000
Wells Fargo Bank N.A. banking violation 2018 OCC $500,000,000
Wells Fargo Bank N.A. consumer protection violation 2018 CFPB $500,000,000
Wells Fargo & Co. investor protection violation 2020 SEC (*) $500,000,000
Wells Fargo Bank mortgage abuses 2012 DOJ_RIGHTS $234,300,000
Wachovia Bank, National Association banking violation 2008 OCC $168,900,000
Wachovia Bank N.A. price-fixing or anti-competitive practices 2011 DOJ_ANTITRUST $148,000,000
Strong Capital Management Co. investor protection violation 2004 MULTI-AG (*) $115,000,000
Wachovia Bank anti-money-laundering deficiencies 2010 FINCEN $110,000,000
Wells Fargo Bank banking violation 2016 CFPB $100,000,000
Wells Fargo & Company banking violation 2012 FED $87,000,000
Wells Fargo & Company banking violation 2011 FED $85,000,000
Wells Fargo Bank N.A. bankruptcy professional violation 2015 DOJ_UTP $81,600,000
Strong Capital Management, Inc. investor protection violation 2004 SEC $80,000,000
Wells Fargo Bank, N.A. banking violation 2016 OCC $70,000,000
Wells Fargo & Company investor protection violation 2018 NY-AG $65,000,000
Wells Fargo Bank N.A. benefit plan administrator violation 2014 private lawsuit-federal $62,500,000
Wachovia Securities investor protection violation 2008 MULTI-AG $60,000,000
Wachovia Bank N.A. price-fixing or anti-competitive practices 2011 MULTI-AG (*) $58,750,000
Wachovia toxic securities abuses 2015 NCUA $53,000,000
Wachovia Bank N.A. banking violation 2010 OCC $50,000,000
Wachovia Bank N.A. anti-money-laundering deficiencies 2010 USAO $50,000,000
Wells Fargo consumer protection violation 2016 CA-LACA $50,000,000
Wachovia Securities LLC investor protection violation 2008 MULTI-FIN (*) $50,000,000
Evergreen Investment Management Company LLC investor protection violation 2009 SEC $40,000,000
Wachovia Securities wage and hour violation 2009 private lawsuit-federal $39,000,000
Wachovia Corporation investor protection violation 2004 SEC $37,000,000
Wells Fargo Advisors employment discrimination 2017 private lawsuit-federal $35,500,000
Wells Fargo Bank banking violation 2016 OCC $35,000,000
Wells Fargo & Company wage and hour violation 2020 private lawsuit-federal $35,000,000
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network investor protection violation 2020 SEC $35,000,000
Wells Fargo consumer protection violation 2015 CFPB $34,800,000
Wells Fargo Bank, National Association banking violation 2011 OCC $34,500,000
Wells Fargo mortgage abuses 2010 CA-AG $33,868,615
Evergreen Investment Management Company investor protection violation 2007 SEC $32,500,000
Wells Fargo Advisors employment discrimination 2011 private lawsuit-federal $32,000,000
Wachovia National Bank, N.A. benefit plan administrator violation 2000 EBSA $30,000,000
Wells Fargo wage and hour violation 2018 private lawsuit-state $27,500,000
Wachovia Capital Markets LLC investor protection violation 2006 MULTI-AG $25,000,000
Wachovia Capital Markets LLC investor protection violation 2007 MULTI-FIN $24,650,000
Wells Fargo consumer protection violation 2010 MULTI-AG $23,700,000
Wells Fargo Bank, National Association Servicemembers Civil Relief Act 2016 OCC $20,000,000
Wells Fargo wage and hour violation 2010 private lawsuit-federal $20,000,000
A.G. Edwards wage and hour violation 2007 private lawsuit-federal $20,000,000
Wells Fargo & Co. investor protection violation 2020 MD-AG $20,000,000
Wells Fargo & Company benefit plan administrator violation 2011 private lawsuit-federal $17,500,000
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC investor protection violation 2019 SEC $17,363,847
Wells Fargo toxic securities abuses 2018 IL-AG $17,250,000
Wells Fargo & Company Americans with Disabilities Act 2011 DOJ_RIGHTS $16,055,000
Wells Fargo wage and hour violation 2014 private lawsuit-federal $15,000,000
Wells Fargo Bank, N.A. investor protection violation 2019 CFTC $14,475,000
Wells Fargo Bank mortgage abuses 2015 MD-AG $13,800,000
Wells Fargo wage and hour violation 2017 private lawsuit-state $13,000,000
Wells Fargo wage and hour violation 2007 private lawsuit-federal $12,800,000
Wachovia Corporation benefit plan administrator violation 2011 private lawsuit-federal $12,350,000
A.G. Edwards wage and hour violation 2009 private lawsuit-federal $12,000,000
Wells Fargo Bank employment screening violation 2016 private lawsuit-federal $12,000,000
Wells Fargo Securities LLC toxic securities abuses 2011 SEC $11,000,000
Wells Fargo Financial Leasing, Inc. consumer protection violation 2005 MULTI-AG $10,000,000
Wells Fargo & Co. discriminatory practices (non-employment) 2019 private lawsuit-federal $10,000,000
Wells Fargo Advisors, LLC wage and hour violation 2018 private lawsuit-federal $9,500,000
Wells Fargo Bank privacy violation 2016 CA-AG $8,500,000
Wells Fargo consumer protection violation 2016 WV-AG $8,000,000
Wells Fargo Bank, N.A. employment discrimination 2020 OFCCP $7,800,000
Wells Fargo discriminatory practices (non-employment) 2012 private lawsuit-federal $7,500,000
Wells Fargo Bank, N.A. discriminatory practices (non-employment) 2012 private lawsuit-federal $7,500,000
Wells Fargo & Company benefit plan administrator violation 2015 private lawsuit-federal $7,420,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,900,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,720,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,660,000
Wells Fargo toxic securities abuses 2012 SEC $6,500,000
Prudential Securities Incorporated investor protection violation 2000 SEC $5,880,000
Wachovia Bank wage and hour violation 2004 WHD $5,798,744
Wells Fargo Bank N.A workplace whistleblower retaliation 2017 OSHA $5,400,000
Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Services Servicemembers Civil Relief Act 2017 DOJ_RIGHTS $5,400,000
Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc. insurance violation 2019 CA-INS $5,345,816
Wells Fargo Advisors LLC investor protection violation 2018 SEC $5,108,441
Wells Fargo Advisors LLC investor protection violation 2014 SEC $5,000,000
Wells Fargo Home Mortgage discriminatory practices (non-employment) 2014 HUD $5,000,000
Wachovia Securities, LLC investor protection violation 2004 SEC $4,844,465
WFS Financial, Inc. discriminatory practices (non-employment) 2004 private lawsuit-federal $4,550,000
Wells Fargo Bank N.A. Servicemembers Civil Relief Act 2016 DOJ_RIGHTS $4,100,000
Wells Fargo Bank False Claims Act and related 2008 USAO $4,046,786
Wells Fargo Bank consumer protection violation 2016 CFPB $4,010,000
Wells Fargo Bank, National Association banking violation 2015 OCC $4,000,000
Wells Fargo Advisors wage and hour violation 2013 private lawsuit-federal $4,000,000
Wells Fargo Bank consumer protection violation 2015 NY-DFS $4,000,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $3,900,000
A.G. Edwards & Sons, Inc. investor protection violation 2007 SEC $3,860,000
Wells Fargo Bank N.A. discriminatory practices (non-employment) 2011 private lawsuit-state $3,520,000
Wells Fargo Advisors, LLC anti-money-laundering deficiencies 2017 SEC $3,500,000
Wells Fargo Advisors wage and hour violation 2017 private lawsuit-federal $3,500,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)