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: 
$21,874,892,841
Number of records: 
221
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$10,395,453,489120
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 Type Year Agencysort icon Penalty Amount
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
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
A.G. Edwards & Sons Inc. investor protection violation 2008 TX-SEC $5,000
Wachovia Bank N.A. anti-money-laundering deficiencies 2010 USAO $50,000,000
Wells Fargo Bank False Claims Act and related 2008 USAO $4,046,786
Wells Fargo Bank, N.A. banking violation 2021 USAO $72,600,000
WELLS FARGO ADVISORS investor protection violation 2015 VA-SEC $205,000
Wells Fargo Advisors LLC investor protection violation 2016 VT-FIN $300,000
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
Wells Fargo Bank NA wage and hour violation 2011 WHD $31,770
Wells Fargo Bank Family and Medical Leave Act 2006 WHD $5,152
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 Bank N.A. wage and hour violation 2019 WHD $57,675
Wells Fargo Bank wage and hour violation 2016 WHD $38,230
Wells Fargo & Company wage and hour violation 2014 WHD $100,001
Wells Fargo consumer protection violation 2016 WV-AG $8,000,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)