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: 
$17,227,960,815
Number of records: 
129
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
toxic securities abuses$3,637,750,0007
banking violation$3,541,932,38615
investor protection violation$1,618,647,64618
False Claims Act and related$1,200,000,0001
consumer protection violation$580,174,9658
wage and hour violation$214,903,72325
anti-money-laundering deficiencies$163,500,0003
price-fixing or anti-competitive practices$148,000,0002
benefit plan administrator violation$130,775,0006
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 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; FIRST UNION BANK; First Union Securities, Inc.; PRUDENTIAL SECURITIES; STRONG CAPITAL MGT; WACHOVIA; Wachovia Capital Markets, LLC; WACHOVIA FINANCIAL SVC; WACHOVIA NATIONAL BANK NA; WELLS FARGO; WELLS FARGO BANK 1692; WELLS FARGO BANK NA D / B / A WELLS FARGO DEALER SVC; WELLS FARGO BANK NA MUNICIPAL PROD GROUP; WELLS FARGO BANK NATIONAL ASSOCIATION; Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC; WELLS FARGO FINANCIAL BANK; W [...]

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.
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Company Primary Offense Type Yearsort icon Agency Penalty Amount
Wells Fargo Bank banking violation 2016 OCC $35,000,000
Wells Fargo Bank, N.A. data submission deficiencies 2016 CFTC $400,000
Wells Fargo Bank N.A. Servicemembers Civil Relief Act 2016 DOJ_RIGHTS $4,100,000
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
Wells Fargo Bank N.A. Municipal Products Group investor protection violation 2016 SEC $440,000
Wells Fargo Bank, National Association Servicemembers Civil Relief Act 2016 OCC $20,000,000
Wells Fargo Bank employment screening violation 2016 private lawsuit-federal $12,000,000
Wells Fargo consumer protection violation 2016 WV-AG $8,000,000
Wells Fargo Bank privacy violation 2016 CA-AG $8,500,000
Wells Fargo Bank N.A workplace whistleblower retaliation 2017 OSHA $5,400,000
Wells Fargo workplace whistleblower retaliation 2017 OSHA $577,500
Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Services Servicemembers Civil Relief Act 2017 DOJ_RIGHTS $5,400,000
Wells Fargo Advisors, LLC anti-money-laundering deficiencies 2017 SEC $3,500,000
Wells Fargo wage and hour violation 2017 private lawsuit-state $13,000,000
Wells Fargo Advisors wage and hour violation 2017 private lawsuit-federal $3,500,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $685,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $3,900,000
Wells Fargo Advisors employment discrimination 2017 private lawsuit-federal $35,500,000
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 wage and hour violation 2018 private lawsuit-state $27,500,000
Wells Fargo Bank, N.A. toxic securities abuses 2018 DOJ_CIVIL $2,090,000,000
Wells Fargo Advisors LLC investor protection violation 2018 SEC $5,108,441
Wells Fargo Advisors, LLC wage and hour violation 2018 private lawsuit-federal $9,500,000
Wells Fargo toxic securities abuses 2018 IL-AG $17,250,000
Wells Fargo & Company investor protection violation 2018 NY-AG $65,000,000
Wells Fargo Bank N.A. banking violation 2018 MULTI-AG $575,000,000
Wells Fargo Securities investor protection violation 2019 SEC $812,500
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC investor protection violation 2019 SEC $17,363,847
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