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: 
$21,102,241,886
Number of records: 
148
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$15,585,037,16773
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
consumer-protection-related offenses$697,264,96518
employment-related offenses$467,370,96848
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$2,375,262,74231
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; 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, LL [...]

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 Typesort icon Year Agency Penalty Amount
Wells Fargo & Company Americans with Disabilities Act 2011 DOJ_RIGHTS $16,055,000
Wachovia Bank anti-money-laundering deficiencies 2010 FINCEN $110,000,000
Wachovia Bank N.A. anti-money-laundering deficiencies 2010 USAO $50,000,000
Wells Fargo Advisors, LLC anti-money-laundering deficiencies 2017 SEC $3,500,000
Wells Fargo Bank, National Association banking violation 2015 OCC $4,000,000
Wells Fargo banking violation 2013 OCC $1,991,141,181
Wells Fargo Bank, National Association banking violation 2011 OCC $34,500,000
Wachovia Bank N.A. banking violation 2010 OCC $50,000,000
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. banking violation 2016 OCC $70,000,000
Wells Fargo Bank banking violation 2016 CFPB $100,000,000
Wells Fargo Bank banking violation 2016 OCC $35,000,000
WELLS FARGO FINANCIAL BANK banking violation 2009 FDIC $125,000
Wells Fargo Bank, National Association banking violation 2009 OCC $51,205
Wachovia Bank, National Association banking violation 2008 OCC $168,900,000
Wells Fargo Bank, National Association banking violation 2005 OCC $115,000
Wells Fargo Bank N.A. banking violation 2018 OCC $500,000,000
Wells Fargo Bank N.A. banking violation 2018 MULTI-AG $575,000,000
Wells Fargo Bank N.A. bankruptcy professional violation 2015 DOJ_UTP $81,600,000
Wachovia National Bank, N.A. benefit plan administrator violation 2000 EBSA $30,000,000
Wells Fargo Bank N.A. benefit plan administrator violation 2014 private lawsuit-federal $62,500,000
Wells Fargo & Company benefit plan administrator violation 2011 private lawsuit-federal $17,500,000
Wells Fargo & Company benefit plan administrator violation 2015 private lawsuit-federal $7,420,000
Wachovia Corporation benefit plan administrator violation 2011 private lawsuit-federal $12,350,000
Wachovia Securities benefit plan administrator violation 2009 private lawsuit-federal $1,005,000
Wells Fargo consumer protection violation 2015 CFPB $34,800,000
Wells Fargo Bank consumer protection violation 2016 CFPB $4,010,000
Wells Fargo Bank N.A. consumer protection violation 2018 CFPB $500,000,000
Wells Fargo consumer protection violation 2010 MULTI-AG $23,700,000
Wells Fargo consumer protection violation 2004 NY-AG $2,900,000
Wells Fargo consumer protection violation 2016 WV-AG $8,000,000
Wells Fargo Bank consumer protection violation 2011 CT-AG $741,465
Wells Fargo Financial Bank consumer protection violation 2003 NY-AG $33,500
Wells Fargo Financial Leasing, Inc. consumer protection violation 2005 MULTI-AG $10,000,000
Wells Fargo consumer protection violation 2016 CA-LACA $50,000,000
Wells Fargo Home Mortgage, Inc. consumer protection violation 2003 CA-SCCDA $25,000
Wells Fargo Bank consumer protection violation 2015 NY-DFS $4,000,000
A.G. Edwards & Sons, Inc. data submission deficiencies 2003 CFTC $45,000
Prudential Securities, Inc. data submission deficiencies 2002 CFTC $65,000
Wells Fargo Bank, N.A. data submission deficiencies 2016 CFTC $400,000
Wells Fargo Home Mortgage discriminatory practices (non-employment) 2014 HUD $5,000,000
A.G. Edwards and Sons Inc. economic sanction violation 2008 OFAC $122,358
Wachovia Bank economic sanction violation 2007 OFAC $11,000
Wachovia Bank economic sanction violation 2005 OFAC $5,500
Wells Fargo Bank economic sanction violation 2005 OFAC $42,833
First Union Bank economic sanction violation 2004 OFAC $18,740
Wachovia Bank economic sanction violation 2004 OFAC $11,000
Wells Fargo Bank economic sanction violation 2003 OFAC $5,500
Wells Fargo Bank, N.A. economic sanction violation 2013 OFAC $23,937
Wells Fargo Bank, N.A economic sanction violation 2010 OFAC $67,500
Wells Fargo Bank, N.A. employment discrimination 2014 EEOC $290,000
Wells Fargo & Company employment discrimination 2014 EEOC $295,000
Wells Fargo employment discrimination 2015 OFCCP $14,000
Wells Fargo Advisors employment discrimination 2011 private lawsuit-federal $32,000,000
Wells Fargo Advisors employment discrimination 2017 private lawsuit-federal $35,500,000
Wells Fargo Bank N.A. employment discrimination 2019 OFCCP $283,697
Wells Fargo Financial Texas, Inc. employment discrimination 2003 EEOC $110,000
Wells Fargo Bank employment screening violation 2016 private lawsuit-federal $12,000,000
Wells Fargo Bank, National Association False Claims Act and related 2016 DOJ_CIVIL $1,200,000,000
Wells Fargo Bank False Claims Act and related 2008 USAO $4,046,786
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
Wells Fargo Bank Family and Medical Leave Act 2006 WHD $5,152
Wells Fargo & Company fraud 2020 DOJ_CIVIL $3,000,000,000
Wells Fargo Advisors LLC investor protection violation 2014 SEC $5,000,000
Evergreen Investment Management Company LLC investor protection violation 2009 SEC $40,000,000
Evergreen Investment Management Company investor protection violation 2007 SEC $32,500,000
A.G. Edwards & Sons, Inc. investor protection violation 2007 SEC $3,860,000
A.G. Edwards & Sons, Inc. investor protection violation 2006 SEC $125,000
Wachovia Capital Markets, LLC investor protection violation 2006 SEC $125,000
Wachovia Corporation investor protection violation 2004 SEC $37,000,000
Strong Capital Management, Inc. investor protection violation 2004 SEC $80,000,000
Wachovia Securities, LLC investor protection violation 2004 SEC $4,844,465
Prudential Securities, Inc. investor protection violation 2003 SEC $382,000
Prudential Securities Incorporated investor protection violation 2000 SEC $5,880,000
Wells Fargo Bank N.A. Municipal Products Group investor protection violation 2016 SEC $440,000
Wells Fargo Advisors LLC investor protection violation 2018 SEC $5,108,441
Strong Capital Management, Inc. investor protection violation 2006 SEC $2,185,927
Norwest Investment Services, Inc. investor protection violation 2002 SEC $153,245
Prudential Securities Incorporated investor protection violation 2001 SEC $800,000
First Union Securities, Inc. investor protection violation 2000 SEC $408,931
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
A.G. Edwards & Sons, Inc. investor protection violation 2008 NJ-AG $387,000
Strong Capital Management Co. investor protection violation 2004 MULTI-AG (*) $115,000,000
Wachovia Capital Markets LLC investor protection violation 2006 MULTI-AG $25,000,000
Wachovia Capital Markets, LLC investor protection violation 2007 MD-AG $402,386
Wachovia Securities investor protection violation 2008 MULTI-AG $60,000,000
Wachovia Securities, LLC investor protection violation 2009 DE-AG $309,000
Wachovia Securities, LLC investor protection violation 2011 NJ-AG $3,200,000
Wells Fargo investor protection violation 2009 CA-AG $1,400,000,000
Wells Fargo & Company investor protection violation 2018 NY-AG $65,000,000
Wells Fargo Bank, N.A. investor protection violation 2019 CFTC $14,475,000
Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network investor protection violation 2020 SEC $35,000,000
Wells Fargo & Co. investor protection violation 2020 SEC (*) $500,000,000
First Union Bank labor relations violation 2000 NLRB $9,116
Wells Fargo & Company mortgage abuses 2012 DOJ_CIVIL $5,342,200,000
Wells Fargo Bank mortgage abuses 2012 DOJ_RIGHTS $234,300,000
Wells Fargo mortgage abuses 2012 MULTI-AG (*) $1,005,233,716
Wells Fargo mortgage abuses 2010 CA-AG $33,868,615
Wells Fargo mortgage abuses 2012 MD-AG $940,056
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