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: 
$17,227,960,815
Number of records: 
129
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
toxic securities abuses$3,637,750,0007
banking violation$3,541,932,38615
investor protection violation$1,618,647,64618
False Claims Act and related$1,200,000,0001
consumer protection violation$580,174,9658
wage and hour violation$214,903,72325
anti-money-laundering deficiencies$163,500,0003
price-fixing or anti-competitive practices$148,000,0002
benefit plan administrator violation$130,775,0006
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 agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

AG EDWARDS; AG EDWARDS AND SONS; FIRST UNION BANK; First Union Securities, Inc.; PRUDENTIAL SECURITIES; STRONG CAPITAL MGT; WACHOVIA; Wachovia Capital Markets, LLC; WACHOVIA FINANCIAL SVC; WACHOVIA NATIONAL BANK NA; WELLS FARGO; WELLS FARGO BANK 1692; WELLS FARGO BANK NA D / B / A WELLS FARGO DEALER SVC; WELLS FARGO BANK NA MUNICIPAL PROD GROUP; WELLS FARGO BANK NATIONAL ASSOCIATION; Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC; WELLS FARGO FINANCIAL BANK; W [...]

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.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
A.G. Edwards & Sons, Inc. investor protection violation 2008 NJ-AG $387,000
Prudential Securities, Inc. investor protection violation 2003 SEC $382,000
Wachovia Securities, LLC investor protection violation 2009 DE-AG $309,000
Wells Fargo & Company employment discrimination 2014 EEOC $295,000
Wells Fargo Bank, N.A. employment discrimination 2014 EEOC $290,000
Wells Fargo Bank wage and hour violation 2012 private lawsuit-federal $280,000
Wells Fargo Bank, National Association wage and hour violation 2004 WHD $228,209
WELLS FARGO FINANCIAL BANK banking violation 2009 FDIC $125,000
A.G. Edwards & Sons, Inc. investor protection violation 2006 SEC $125,000
Wachovia Capital Markets, LLC investor protection violation 2006 SEC $125,000
A.G. Edwards and Sons Inc. economic sanction violation 2008 OFAC $122,358
Wells Fargo Bank, National Association banking violation 2005 OCC $115,000
Wells Fargo Bank wage and hour violation 2011 private lawsuit-federal $100,000
Prudential Securities, Inc. data submission deficiencies 2002 CFTC $65,000
Wells Fargo Bank, National Association banking violation 2009 OCC $51,205
A.G. Edwards & Sons, Inc. data submission deficiencies 2003 CFTC $45,000
Wells Fargo Bank economic sanction violation 2005 OFAC $42,833
Wells Fargo Financial Bank consumer protection violation 2003 NY-AG $33,500
Wells Fargo Bank NA wage and hour violation 2011 WHD $31,770
First Union Bank economic sanction violation 2004 OFAC $18,740
Wells Fargo employment discrimination 2015 OFCCP $14,000
WELLS FARGO BANK #1692 workplace safety or health violation 2013 OSHA $12,000
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
Wachovia Bank economic sanction violation 2007 OFAC $11,000
Wachovia Bank economic sanction violation 2004 OFAC $11,000
First Union Bank labor relations violation 2000 NLRB $9,116
Wachovia Bank economic sanction violation 2005 OFAC $5,500
Wells Fargo Bank economic sanction violation 2003 OFAC $5,500
Wells Fargo Bank Family and Medical Leave Act 2006 WHD $5,152
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