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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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CompanyPrimary Offense Type sort iconYearAgencyPenalty Amount
Wells Fargo & CompanyAmericans with Disabilities Act2011DOJ_RIGHTS$16,055,000
Wachovia Bankanti-money-laundering deficiencies2010FINCEN$110,000,000
Wachovia Bank N.A.anti-money-laundering deficiencies2010USAO$50,000,000
Wells Fargo Advisors, LLCanti-money-laundering deficiencies2017SEC$3,500,000
Wells Fargo Advisors and Wells Fargo Advisors Financial Networkanti-money-laundering deficiencies2014FINRA$1,500,000
Wells Fargo Advisorsanti-money-laundering deficiencies2022SEC$7,000,000
Wells Fargo Bank, National Associationbanking violation2015OCC$4,000,000
Wells Fargobanking violation2013OCC$1,991,141,181
Wells Fargo Bank, National Associationbanking violation2011OCC$34,500,000
Wachovia Bank N.A.banking violation2010OCC$50,000,000
Wells Fargo & Companybanking violation2012FED$87,000,000
Wells Fargo & Companybanking violation2011FED$85,000,000
Wells Fargo Bank, N.A.banking violation2016OCC$70,000,000
Wells Fargo Bankbanking violation2016CFPB$100,000,000
Wells Fargo Bankbanking violation2016OCC$35,000,000
WELLS FARGO FINANCIAL BANKbanking violation2009FDIC$125,000
Wells Fargo Bank, National Associationbanking violation2009OCC$51,205
Wachovia Bank, National Associationbanking violation2008OCC$168,900,000
Wells Fargo Bank, National Associationbanking violation2005OCC$115,000
Wells Fargo Bank N.A.banking violation2018OCC$500,000,000
Wells Fargo Bank N.A.banking violation2018MULTI-AG$575,000,000
Wells Fargo Bank, National Associationbanking violation2021OCC$250,000,000
Wells Fargo Bank, N.A.banking violation2021USAO$72,600,000
Wells Fargo Bank N.A.bankruptcy professional violation2015DOJ_UTP$81,600,000
Wachovia National Bank, N.A.benefit plan administrator violation2000EBSA$30,000,000
Wells Fargo Bank N.A.benefit plan administrator violation2014private lawsuit-federal$62,500,000
Wells Fargo & Companybenefit plan administrator violation2011private lawsuit-federal$17,500,000
Wells Fargo & Companybenefit plan administrator violation2015private lawsuit-federal$7,420,000
Wachovia Corporationbenefit plan administrator violation2011private lawsuit-federal$12,350,000
Wachovia Securitiesbenefit plan administrator violation2009private lawsuit-federal$1,005,000
Wells Fargo & Companybenefit plan administrator violation2020private lawsuit-federal$79,000,000
Wells Fargoconsumer protection violation2015CFPB$34,800,000
Wells Fargo Bankconsumer protection violation2016CFPB$4,010,000
Wells Fargo Bank N.A.consumer protection violation2018CFPB$500,000,000
Wells Fargoconsumer protection violation2010MULTI-AG$23,700,000
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Wells Fargoconsumer protection violation2016WV-AG$8,000,000
Wells Fargo Bankconsumer protection violation2011CT-AG$741,465
Wells Fargo Financial Bankconsumer protection violation2003NY-AG$33,500
Wells Fargo Financial Leasing, Inc.consumer protection violation2005MULTI-AG$10,000,000
Wells Fargoconsumer protection violation2016CA-LACA$50,000,000
Wells Fargo Home Mortgage, Inc.consumer protection violation2003CA-SCCDA$25,000
Wells Fargo Financial California, Inc.consumer protection violation2005CA-DFPI$1,621,010
Wells Fargo Fund Distributor, LLCconsumer protection violation2014CA-DFPI$8,000
Wells Fargo Bankconsumer protection violation2015NY-DFS$4,000,000
A.G. Edwards & Sons, Inc.data submission deficiencies2003CFTC$45,000
Prudential Securities, Inc.data submission deficiencies2002CFTC$65,000
Wells Fargo Bank, N.A.data submission deficiencies2016CFTC$400,000
Wells Fargo Home Mortgagediscriminatory practices (non-employment)2014HUD$5,000,000
Wells Fargo & Co.discriminatory practices (non-employment)2019private lawsuit-federal$10,000,000
Wells Fargodiscriminatory practices (non-employment)2012private lawsuit-federal$7,500,000
Wells Fargo Bank, N.A.discriminatory practices (non-employment)2012private lawsuit-federal$7,500,000
Wells Fargo Bank N.A.discriminatory practices (non-employment)2011private lawsuit-state$3,520,000
WFS Financial, Inc.discriminatory practices (non-employment)2004private lawsuit-federal$4,550,000
Wells Fargo Bankdiscriminatory practices (non-employment)2021HUD$125,000
A.G. Edwards and Sons Inc.economic sanction violation2008OFAC$122,358
Wachovia Bankeconomic sanction violation2007OFAC$11,000
Wachovia Bankeconomic sanction violation2005OFAC$5,500
Wells Fargo Bankeconomic sanction violation2005OFAC$42,833
First Union Bankeconomic sanction violation2004OFAC$18,740
Wachovia Bankeconomic sanction violation2004OFAC$11,000
Wells Fargo Bankeconomic sanction violation2003OFAC$5,500
Wells Fargo Bank, N.A.economic sanction violation2013OFAC$23,937
Wells Fargo Bank, N.Aeconomic sanction violation2010OFAC$67,500
Wells Fargo Bank, N.A.employment discrimination2014EEOC$290,000
Wells Fargo & Companyemployment discrimination2014EEOC$295,000
Wells Fargoemployment discrimination2015OFCCP$14,000
Wells Fargo Advisorsemployment discrimination2011private lawsuit-federal$32,000,000
Wells Fargo Advisorsemployment discrimination2017private lawsuit-federal$35,500,000
Wells Fargo Bank N.A.employment discrimination2019OFCCP$283,697
Wells Fargo Financial Texas, Inc.employment discrimination2003EEOC$110,000
Wells Fargo Bank, N.A.employment discrimination2020OFCCP$7,800,000
Wells Fargo & Co.employment discrimination2021private lawsuit-federal$18,700,000
Wells Fargo Bankemployment screening violation2016private lawsuit-federal$12,000,000
Wells Fargo Bank, National AssociationFalse Claims Act and related2016DOJ_CIVIL$1,200,000,000
Wells Fargo BankFalse Claims Act and related2008USAO$4,046,786
Wells Fargo Bank, N. A.Family and Medical Leave Act2016WHD$11,874
Wells Fargo BankFamily and Medical Leave Act2006WHD$5,152
Wells Fargo & Companyfraud2020DOJ_CIVIL$3,000,000,000
Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc.insurance violation2019CA-INS$5,345,816
Wells Fargo Advisors LLCinvestor protection violation2014SEC$5,000,000
Evergreen Investment Management Company LLCinvestor protection violation2009SEC$40,000,000
Evergreen Investment Management Companyinvestor protection violation2007SEC$32,500,000
A.G. Edwards & Sons, Inc.investor protection violation2007SEC$3,860,000
A.G. Edwards & Sons, Inc.investor protection violation2006SEC$125,000
Wachovia Capital Markets, LLCinvestor protection violation2006SEC$125,000
Wachovia Corporationinvestor protection violation2004SEC$37,000,000
Strong Capital Management, Inc.investor protection violation2004SEC$80,000,000
Wachovia Securities, LLCinvestor protection violation2004SEC$4,844,465
Prudential Securities, Inc.investor protection violation2003SEC$382,000
Prudential Securities Incorporatedinvestor protection violation2000SEC$5,880,000
Wells Fargo Bank N.A. Municipal Products Groupinvestor protection violation2016SEC$440,000
Wells Fargo Advisors LLCinvestor protection violation2018SEC$5,108,441
Strong Capital Management, Inc.investor protection violation2006SEC$2,185,927
Norwest Investment Services, Inc.investor protection violation2002SEC$153,245
Prudential Securities Incorporatedinvestor protection violation2001SEC$800,000
First Union Securities, Inc.investor protection violation2000SEC$408,931
Wells Fargo Securitiesinvestor protection violation2019SEC$812,500
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCinvestor protection violation2019SEC$17,363,847
A.G. Edwards & Sons, Inc.investor protection violation2008NJ-AG$387,000
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
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.