Violation Tracker

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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 Total	Number of Records
financial offenses	$10,402,453,489	121
consumer-protection-related offenses	$6,421,664,484	36
competition-related offenses	$3,148,000,000	3
government-contracting-related offenses	$1,204,046,786	2
employment-related offenses	$705,192,082	54

Top 5 Primary Offense Types	Penalty Total	Number of Records
mortgage abuses	$5,625,783,671	7
banking violation	$4,023,432,386	17
toxic securities abuses	$3,637,750,000	7
fraud	$3,000,000,000	1
investor protection violation	$2,487,362,735	82

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	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 Advisors and Wells Fargo Advisors Financial Network	anti-money-laundering deficiencies	2014	FINRA	$1,500,000
Wells Fargo Advisors	anti-money-laundering deficiencies	2022	SEC	$7,000,000
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, National Association	banking violation	2021	OCC	$250,000,000
Wells Fargo Bank, N.A.	banking violation	2021	USAO	$72,600,000
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 & Company	benefit plan administrator violation	2020	private lawsuit-federal	$79,000,000
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-DFPI	$1,621,010
Wells Fargo Fund Distributor, LLC	consumer protection violation	2014	CA-DFPI	$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
Wells Fargo & Co.	discriminatory practices (non-employment)	2019	private lawsuit-federal	$10,000,000
Wells Fargo	discriminatory practices (non-employment)	2012	private lawsuit-federal	$7,500,000
Wells Fargo Bank, N.A.	discriminatory practices (non-employment)	2012	private lawsuit-federal	$7,500,000
Wells Fargo Bank N.A.	discriminatory practices (non-employment)	2011	private lawsuit-state	$3,520,000
WFS Financial, Inc.	discriminatory practices (non-employment)	2004	private lawsuit-federal	$4,550,000
Wells Fargo Bank	discriminatory practices (non-employment)	2021	HUD	$125,000
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, N.A.	employment discrimination	2020	OFCCP	$7,800,000
Wells Fargo & Co.	employment discrimination	2021	private lawsuit-federal	$18,700,000
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 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	(*)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