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:
$21,139,073,231
Number of records:
172
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| financial offenses | $15,614,893,686 | 94 |
| competition-related offenses | $3,148,000,000 | 3 |
| government-contracting-related offenses | $1,204,046,786 | 2 |
| consumer-protection-related offenses | $704,239,791 | 21 |
| employment-related offenses | $467,370,968 | 48 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| mortgage abuses | $5,625,783,671 | 7 |
| banking violation | $3,700,832,386 | 15 |
| toxic securities abuses | $3,637,750,000 | 7 |
| fraud | $3,000,000,000 | 1 |
| investor protection violation | $2,404,990,130 | 51 |
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:
A.G. Edwards & Sons Inc.; 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; [...]
Links:
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
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| Company |
Primary Offense Type |
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 Financial California, Inc. | consumer protection violation | 2005 | CA-DBO | $1,621,010 |
| Wells Fargo Fund Distributor, LLC | consumer protection violation | 2014 | CA-DBO | $8,000 |
| 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 |
| Wachovia Securities, LLC | financial institution supervision failures | 2010 | AK-DBS | $129,131 |
| Wells Fargo & Company | fraud | 2020 | DOJ_CIVIL | $3,000,000,000 |
| 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 | 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 |
| Wachovia Capital Markets, LLC | investor protection violation | 2007 | CT-SEC | $258,728 |
| Wachovia Securities, LLC nka Wells Fargo Advisors, LLC | investor protection violation | 2010 | CT-SEC | $75,000 |
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