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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$22,081,446,244
Number of records: 228
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$904,745,48560
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 TypeYearAgency sort iconPenalty Amount
Wells Fargo Investments, LLCinvestor protection violation2009FINRA$275,000
Wachovia Securities, LLCinvestor protection violation2009FINRA$1,400,000
Wachovia Securities, LLC and First Clearing, LLCinvestor protection violation2009FINRA$1,100,000
Wachovia Securitiesinvestor protection violation2009FINRA$4,500,000
Prudential Securitiesinvestor protection violation2008FINRA$1,050,000
Wachovia Capital Markets, LLCinvestor protection violation2007FINRA$300,000
Wells Fargo Securities, LLCinvestor protection violation2007FINRA$250,000
Wachovia Securities LLCinvestor protection violation2007FINRA$2,000,000
Wells Fargo Investmentsinvestor protection violation2005FINRA$3,000,000
Wells Fargo Investments, LLCinvestor protection violation2005FINRA$2,970,000
Wachovia Securities LLCinvestor protection violation2004FINRA$650,000
Wells Fargo Investments, LLCinvestor protection violation2004FINRA$150,000
Wachovia Securities, LLC.investor protection violation2004FINRA$39,486
Prudential Securities Incorporatedinvestor protection violation2001FINRA$20,000
Prudential Securities, Inc.investor protection violation2001FINRA$10,000
First Union Brokerage Services, Inc.investor protection violation2001FINRA$32,500
First Union Securities, Inc.investor protection violation2000FINRA$350,000
A.G. Edwards & Sons, Inc.investor protection violation2000FINRA$5,890,000
Prudential Securities, Inc.investor protection violation2000FINRA$100,000
Wells Fargo Home Mortgagediscriminatory practices (non-employment)2014HUD$5,000,000
Wells Fargo Bankdiscriminatory practices (non-employment)2021HUD$125,000
Wells Fargotoxic securities abuses2018IL-AG$17,250,000
Wells Fargo Advisors, LLCinvestor protection violation2017IL-SEC$270,000
Wells Fargo Advisors, LLCinvestor protection violation2010IN-SEC$8,495
Wells Fargo Bankmortgage abuses2015MA-AG$675,000
Wells Fargo Clearing Services, LLCinvestor protection violation2019MA-SEC$450,000
Wachovia Capital Markets, LLCinvestor protection violation2007MD-AG$402,386
Wells Fargomortgage abuses2012MD-AG$940,056
Wells Fargo Bankmortgage abuses2015MD-AG$13,800,000
Wells Fargo & Co.investor protection violation2020MD-AG$20,000,000
Wachovia Securities, LLCinvestor protection violation2008MD-SEC$50,000
Wells Fargo Advisors LLCinvestor protection violation2012MD-SEC$50,000
A.G. Edwards & Sons, Inc.investor protection violation2011MO-SEC$765,993
A.G. Edwards & Sons, Inc.investor protection violation2017MO-SEC$25,672
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
Wachovia Bank N.A.price-fixing or anti-competitive practices2011MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $58,750,000
Wachovia Capital Markets LLCinvestor protection violation2006MULTI-AG$25,000,000
Wachovia Securitiesinvestor protection violation2008MULTI-AG$60,000,000
Wells Fargoconsumer protection violation2010MULTI-AG$23,700,000
Wells Fargomortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,005,233,716
Wells Fargo Bank N.A.banking violation2018MULTI-AG$575,000,000
Wells Fargo Financial Leasing, Inc.consumer protection violation2005MULTI-AG$10,000,000
Wachovia Capital Markets LLCinvestor protection violation2007MULTI-FIN$24,650,000
Wachovia Securities LLCinvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000
Wells Fargo Investments, LLCinvestor protection violation2009MULTI-FIN$1,900,000
Wachoviatoxic securities abuses2015NCUA$53,000,000
Wachovia Securities LLCinvestor protection violation2007ND-SEC$75,000
A.G. Edwards & Sons Inc.investor protection violation2003NE-DBF$20,000
Wells Fargo Advisors Financial Network, LLCinvestor protection violation2016NH-BSR$35,000
A.G. Edwards & Sons, Inc.investor protection violation2008NJ-AG$387,000
Wachovia Securities, LLCinvestor protection violation2011NJ-AG$3,200,000
First Union Banklabor relations violation2000NLRB$9,116
Wells Fargoconsumer protection violation2004NY-AG$2,900,000
Wells Fargo & Companyinvestor protection violation2018NY-AG$65,000,000
Wells Fargo Financial Bankconsumer protection violation2003NY-AG$33,500
Wells Fargo Bankconsumer protection violation2015NY-DFS$4,000,000
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 Bank, N.A.banking violation2016OCC$70,000,000
Wells Fargo Bankbanking violation2016OCC$35,000,000
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, National AssociationServicemembers Civil Relief Act2016OCC$20,000,000
Wells Fargo Bank N.A.banking violation2018OCC$500,000,000
Wells Fargo Bank, National Associationbanking violation2021OCC$250,000,000
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 Fargoemployment discrimination2015OFCCP$14,000
Wells Fargo Bank N.A.employment discrimination2019OFCCP$283,697
Wells Fargo Bank, N.A.employment discrimination2020OFCCP$7,800,000
Ragen Mackenzie Investment Services LLCinvestor protection violation2004OR-FIN$8,500
Wells Fargoworkplace whistleblower retaliation2017OSHA$577,500
Wells Fargo Bank N.Aworkplace whistleblower retaliation2017OSHA$5,400,000
Wells Fargoworkplace whistleblower retaliation2022OSHA$22,000,000
WELLS FARGO SECURITIES, LLC.workplace safety or health violation2004OSHA$5,000
WELLS FARGO BANK #1692workplace safety or health violation2013OSHA$12,000
WELLS FARGO BANK, NAworkplace safety or health violation2017OSHA$9,000
A.G. Edwards & Sons Inc.investor protection violation2007SC-SEC$575,000
Wells Fargo Advisors LLCinvestor protection violation2014SEC$5,000,000
Wells Fargotoxic securities abuses2012SEC$6,500,000
Wells Fargo Securities LLCtoxic securities abuses2011SEC$11,000,000
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
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.