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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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Company sort iconPrimary Offense TypeYearAgencyPenalty Amount
A.G. Edwardswage and hour violation2009private lawsuit-federal$12,000,000
A.G. Edwardswage and hour violation2007private lawsuit-federal$20,000,000
A.G. Edwards & Sons Inc.investor protection violation2003NE-DBF$20,000
A.G. Edwards & Sons Inc.investor protection violation2007SC-SEC$575,000
A.G. Edwards & Sons Inc.investor protection violation2008TX-SEC$5,000
A.G. Edwards & Sons, Inc.data submission deficiencies2003CFTC$45,000
A.G. Edwards & Sons, Inc.investor protection violation2007SEC$3,860,000
A.G. Edwards & Sons, Inc.investor protection violation2006SEC$125,000
A.G. Edwards & Sons, Inc.investor protection violation2008NJ-AG$387,000
A.G. Edwards & Sons, Inc.investor protection violation2011MO-SEC$765,993
A.G. Edwards & Sons, Inc.investor protection violation2017MO-SEC$25,672
A.G. Edwards & Sons, Inc.investor protection violation2000FINRA$5,890,000
A.G. Edwards and Sons Inc.economic sanction violation2008OFAC$122,358
Evergreen Investment Management Companyinvestor protection violation2007SEC$32,500,000
Evergreen Investment Management Company LLCinvestor protection violation2009SEC$40,000,000
First Union Bankeconomic sanction violation2004OFAC$18,740
First Union Banklabor relations violation2000NLRB$9,116
First Union Brokerage Services, Inc.investor protection violation2001FINRA$32,500
First Union Securities, Inc.investor protection violation2000SEC$408,931
First Union Securities, Inc.investor protection violation2000FINRA$350,000
Norwest Investment Services, Inc.investor protection violation2002SEC$153,245
Prudential Securitiesinvestor protection violation2008FINRA$1,050,000
Prudential Securities Incorporatedinvestor protection violation2000SEC$5,880,000
Prudential Securities Incorporatedinvestor protection violation2001SEC$800,000
Prudential Securities Incorporatedinvestor protection violation2001FINRA$20,000
Prudential Securities, Inc.data submission deficiencies2002CFTC$65,000
Prudential Securities, Inc.investor protection violation2003SEC$382,000
Prudential Securities, Inc.investor protection violation2001FINRA$10,000
Prudential Securities, Inc.investor protection violation2000FINRA$100,000
Ragen Mackenzie Investment Services LLCinvestor protection violation2004OR-FIN$8,500
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
Strong Capital Management, Inc.investor protection violation2004SEC$80,000,000
Strong Capital Management, Inc.investor protection violation2006SEC$2,185,927
Wachoviatoxic securities abuses2015NCUA$53,000,000
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
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 Bank, National Associationbanking violation2008OCC$168,900,000
Wachovia Capital Markets LLCinvestor protection violation2006MULTI-AG$25,000,000
Wachovia Capital Markets LLCinvestor protection violation2007MULTI-FIN$24,650,000
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 Corporationinvestor protection violation2004SEC$37,000,000
Wachovia Corporationbenefit plan administrator violation2011private lawsuit-federal$12,350,000
Wachovia Financial Serviceswage and hour violation2010private lawsuit-federal$450,000
Wachovia National Bank, N.A.benefit plan administrator violation2000EBSA$30,000,000
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 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 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, LLC and First Clearing, LLCinvestor protection violation2009FINRA$1,100,000
Wachovia Securities, LLC nka Wells Fargo Advisors, LLCinvestor protection violation2010CT-SEC$75,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
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 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
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.