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:
$21,881,892,841
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:
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
| Company |
Primary Offense Type |
Year | Agency | Penalty Amount |
|---|---|---|---|---|
| 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 Securities, LLC | investor protection violation | 2010 | AK-DBS | $129,131 |
| 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 |
| Wells Fargo Advisors, LLC | investor protection violation | 2017 | IL-SEC | $270,000 |
| Wells Fargo Advisors, LLC | investor protection violation | 2010 | IN-SEC | $8,495 |
| Wells Fargo Clearing Services, LLC | investor protection violation | 2019 | MA-SEC | $450,000 |
| Wachovia Securities, LLC | investor protection violation | 2008 | MD-SEC | $50,000 |
| Wells Fargo Advisors LLC | investor protection violation | 2012 | MD-SEC | $50,000 |
| A.G. Edwards & Sons, Inc. | investor protection violation | 2011 | MO-SEC | $765,993 |
| A.G. Edwards & Sons, Inc. | investor protection violation | 2017 | MO-SEC | $25,672 |
| Wachovia Securities LLC | investor protection violation | 2007 | ND-SEC | $75,000 |
| A.G. Edwards & Sons Inc. | investor protection violation | 2003 | NE-DBF | $20,000 |
| Wells Fargo Advisors Financial Network, LLC | investor protection violation | 2016 | NH-BSR | $35,000 |
| Ragen Mackenzie Investment Services LLC | investor protection violation | 2004 | OR-FIN | $8,500 |
| A.G. Edwards & Sons Inc. | investor protection violation | 2007 | SC-SEC | $575,000 |
| A.G. Edwards & Sons Inc. | investor protection violation | 2008 | TX-SEC | $5,000 |
| WELLS FARGO ADVISORS | investor protection violation | 2015 | VA-SEC | $205,000 |
| Wells Fargo Advisors LLC | investor protection violation | 2016 | VT-FIN | $300,000 |
| Wachovia Capital Markets LLC | investor protection violation | 2007 | MULTI-FIN | $24,650,000 |
| Wachovia Securities LLC | investor protection violation | 2008 | MULTI-FIN | (*) $50,000,000 |
| Wells Fargo Investments, LLC | investor protection violation | 2009 | MULTI-FIN | $1,900,000 |
| Wells Fargo & Co. | investor protection violation | 2020 | MD-AG | $20,000,000 |
| Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC | investor protection violation | 2020 | FINRA | $2,075,000 |
| Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC | investor protection violation | 2017 | FINRA | $3,400,000 |
| Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC | investor protection violation | 2016 | FINRA | $4,000,000 |
| Wells Fargo Advisors, LLC, Wells Fargo Advisors Financial Network, LLC and First Clearing, LLC | investor protection violation | 2016 | FINRA | $1,500,000 |
| Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC | investor protection violation | 2015 | FINRA | $15,000,000 |
| Wells Fargo Securities, LLC | investor protection violation | 2014 | FINRA | $4,000,000 |
| Wells Fargo Advisors, LLC | investor protection violation | 2013 | FINRA | $3,250,000 |
| Wells Fargo Advisors, LLC | investor protection violation | 2012 | FINRA | $1,931,488 |
| Wells Fargo Investments, LLC | investor protection violation | 2011 | FINRA | $2,000,000 |
| Wells Fargo Advisors, LLC | investor protection violation | 2011 | FINRA | $1,000,000 |
| Wells Fargo Investments, LLC | investor protection violation | 2009 | FINRA | $275,000 |
| Wachovia Securities, LLC | investor protection violation | 2009 | FINRA | $1,400,000 |
| Wachovia Securities, LLC and First Clearing, LLC | investor protection violation | 2009 | FINRA | $1,100,000 |
| Wachovia Securities | investor protection violation | 2009 | FINRA | $4,500,000 |
| Prudential Securities | investor protection violation | 2008 | FINRA | $1,050,000 |
| Wachovia Capital Markets, LLC | investor protection violation | 2007 | FINRA | $300,000 |
| Wells Fargo Securities, LLC | investor protection violation | 2007 | FINRA | $250,000 |
| Wachovia Securities LLC | investor protection violation | 2007 | FINRA | $2,000,000 |
| Wells Fargo Investments | investor protection violation | 2005 | FINRA | $3,000,000 |
| Wells Fargo Investments, LLC | investor protection violation | 2005 | FINRA | $2,970,000 |
| Wachovia Securities LLC | investor protection violation | 2004 | FINRA | $650,000 |
| Wells Fargo Investments, LLC | investor protection violation | 2004 | FINRA | $150,000 |
| Wachovia Securities, LLC. | investor protection violation | 2004 | FINRA | $39,486 |
| Prudential Securities Incorporated | investor protection violation | 2001 | FINRA | $20,000 |
| Prudential Securities, Inc. | investor protection violation | 2001 | FINRA | $10,000 |
| First Union Brokerage Services, Inc. | investor protection violation | 2001 | FINRA | $32,500 |
| First Union Securities, Inc. | investor protection violation | 2000 | FINRA | $350,000 |
| A.G. Edwards & Sons, Inc. | investor protection violation | 2000 | FINRA | $5,890,000 |
| Prudential Securities, Inc. | investor protection violation | 2000 | FINRA | $100,000 |
| First Union Bank | labor relations violation | 2000 | NLRB | $9,116 |
| Wells Fargo & Company | mortgage abuses | 2012 | DOJ | $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 |
| Wells Fargo Bank | mortgage abuses | 2015 | MA-AG | $675,000 |
| Wells Fargo Bank | mortgage abuses | 2015 | MD-AG | $13,800,000 |
| Wachovia Bank N.A. | price-fixing or anti-competitive practices | 2011 | DOJ_ANTITRUST | $148,000,000 |
| Wachovia Bank N.A. | price-fixing or anti-competitive practices | 2011 | MULTI-AG | (*) $58,750,000 |
| Wells Fargo Bank | privacy violation | 2016 | CA-AG | $8,500,000 |
| Wells Fargo Bank, N.A. | privacy violation | 2017 | private lawsuit-federal | $30,446,022 |
| Wells Fargo Bank, N.A. | privacy violation | 2021 | private lawsuit-federal | $28,000,000 |
| Wells Fargo Bank N.A. | Servicemembers Civil Relief Act | 2016 | DOJ_RIGHTS | $4,100,000 |
| Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Services | Servicemembers Civil Relief Act | 2017 | DOJ_RIGHTS | $5,400,000 |
| Wells Fargo Bank, National Association | Servicemembers Civil Relief Act | 2016 | OCC | $20,000,000 |
| Wells Fargo | toxic securities abuses | 2012 | SEC | $6,500,000 |
| Wells Fargo Securities LLC | toxic securities abuses | 2011 | SEC | $11,000,000 |
| Wells Fargo | toxic securities abuses | 2013 | FHFA | $591,000,000 |
| Wells Fargo Bank, National Association | toxic securities abuses | 2013 | FHFA | $869,000,000 |
| Wachovia | toxic securities abuses | 2015 | NCUA | $53,000,000 |
| Wells Fargo Bank, N.A. | toxic securities abuses | 2018 | DOJ_CIVIL | $2,090,000,000 |
| Wells Fargo | toxic securities abuses | 2018 | IL-AG | $17,250,000 |
| Wells Fargo Bank NA | wage and hour violation | 2011 | WHD | $31,770 |
| Wells Fargo Bank, National Association | wage and hour violation | 2004 | WHD | $228,209 |
| Wachovia Bank | wage and hour violation | 2004 | WHD | $5,798,744 |
| Wells Fargo | wage and hour violation | 2018 | private lawsuit-state | $27,500,000 |
| 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 Insurance Services | wage and hour violation | 2015 | private lawsuit-federal | $2,000,000 |
| Wells Fargo Bank | wage and hour violation | 2015 | private lawsuit-federal | $1,850,000 |
| Wells Fargo | wage and hour violation | 2014 | private lawsuit-federal | $15,000,000 |
| Wells Fargo | wage and hour violation | 2014 | private lawsuit-state | $3,000,000 |
| Wells Fargo Advisors | wage and hour violation | 2013 | private lawsuit-federal | $4,000,000 |
| Wells Fargo Bank | wage and hour violation | 2012 | private lawsuit-federal | $280,000 |
| Wells Fargo | wage and hour violation | 2011 | private lawsuit-federal | $6,660,000 |
| Wells Fargo Bank | wage and hour violation | 2011 | private lawsuit-federal | $100,000 |
