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 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: 

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.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Primary Offense Typesort icon 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
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