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: 
$21,139,073,231
Number of records: 
172
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$15,614,893,68694
competition-related offenses$3,148,000,0003
government-contracting-related offenses$1,204,046,7862
consumer-protection-related offenses$704,239,79121
employment-related offenses$467,370,96848
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$5,625,783,6717
banking violation$3,700,832,38615
toxic securities abuses$3,637,750,0007
fraud$3,000,000,0001
investor protection violation$2,404,990,13051
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.

Associated Names: 

A.G. Edwards & Sons Inc.; AG EDWARDS; AG EDWARDS AND SONS; Evergreen Investment Management Company LLC; FIRST UNION BANK; First Union Securities, Inc.; Norwest Investment Services, Inc.; PRUDENTIAL SECURITIES; Ragen Mackenzie Investment Services LLC; STRONG CAPITAL MGT; WACHOVIA; Wachovia Capital Markets, LLC; WACHOVIA FINANCIAL SVC; WACHOVIA NATIONAL BANK NA; Wachovia Securities, LLC nka Wells Fargo Advisors, LLC; WELLS FARGO; Wells Fargo Advisors Financial Network, LLC; WELLS FARGO BANK 1692; [...]

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 TX-SEC $5,000
Wells Fargo Bank Family and Medical Leave Act 2006 WHD $5,152
Wachovia Bank economic sanction violation 2005 OFAC $5,500
Wells Fargo Bank economic sanction violation 2003 OFAC $5,500
Wells Fargo Fund Distributor, LLC consumer protection violation 2014 CA-DBO $8,000
Wells Fargo Advisors, LLC investor protection violation 2010 IN-SEC $8,495
Ragen Mackenzie Investment Services LLC investor protection violation 2004 OR-FIN $8,500
First Union Bank labor relations violation 2000 NLRB $9,116
Wachovia Bank economic sanction violation 2007 OFAC $11,000
Wachovia Bank economic sanction violation 2004 OFAC $11,000
Wells Fargo Bank, N. A. Family and Medical Leave Act 2016 WHD $11,874
WELLS FARGO BANK #1692 workplace safety or health violation 2013 OSHA $12,000
Wells Fargo employment discrimination 2015 OFCCP $14,000
First Union Bank economic sanction violation 2004 OFAC $18,740
A.G. Edwards & Sons Inc. investor protection violation 2003 NE-DBF $20,000
Wells Fargo Bank, N.A. economic sanction violation 2013 OFAC $23,937
Wells Fargo Home Mortgage, Inc. consumer protection violation 2003 CA-SCCDA $25,000
A.G. Edwards & Sons, Inc. investor protection violation 2017 MO-SEC $25,672
Wells Fargo Bank NA wage and hour violation 2011 WHD $31,770
Wells Fargo Financial Bank consumer protection violation 2003 NY-AG $33,500
Wells Fargo Advisors Financial Network, LLC investor protection violation 2016 NH-BSR $35,000
Wells Fargo Bank wage and hour violation 2016 WHD $38,230
Wells Fargo Bank economic sanction violation 2005 OFAC $42,833
A.G. Edwards & Sons, Inc. data submission deficiencies 2003 CFTC $45,000
Wachovia Securities, LLC investor protection violation 2008 MD-SEC $50,000
Wells Fargo Advisors LLC investor protection violation 2012 MD-SEC $50,000
Wells Fargo Bank, National Association banking violation 2009 OCC $51,205
Wells Fargo Bank N.A. wage and hour violation 2019 WHD $57,675
Prudential Securities, Inc. data submission deficiencies 2002 CFTC $65,000
Wells Fargo Bank, N.A economic sanction violation 2010 OFAC $67,500
Wachovia Securities, LLC nka Wells Fargo Advisors, LLC investor protection violation 2010 CT-SEC $75,000
Wachovia Securities LLC investor protection violation 2007 ND-SEC $75,000
Wells Fargo Bank wage and hour violation 2011 private lawsuit-federal $100,000
Wells Fargo & Company wage and hour violation 2014 WHD $100,001
Wells Fargo Financial Texas, Inc. employment discrimination 2003 EEOC $110,000
Wells Fargo Bank, National Association banking violation 2005 OCC $115,000
A.G. Edwards and Sons Inc. economic sanction violation 2008 OFAC $122,358
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
Wachovia Securities, LLC financial institution supervision failures 2010 AK-DBS $129,131
Norwest Investment Services, Inc. investor protection violation 2002 SEC $153,245
WELLS FARGO ADVISORS investor protection violation 2015 VA-SEC $205,000
Wells Fargo Bank, National Association wage and hour violation 2004 WHD $228,209
Wachovia Capital Markets, LLC investor protection violation 2007 CT-SEC $258,728
Wells Fargo Advisors, LLC investor protection violation 2017 IL-SEC $270,000
Wells Fargo Bank wage and hour violation 2012 private lawsuit-federal $280,000
Wells Fargo Bank N.A. employment discrimination 2019 OFCCP $283,697
Wells Fargo Bank, N.A. employment discrimination 2014 EEOC $290,000
Wells Fargo & Company employment discrimination 2014 EEOC $295,000
Wells Fargo Advisors LLC investor protection violation 2016 VT-FIN $300,000
Wachovia Securities, LLC investor protection violation 2009 DE-AG $309,000
Prudential Securities, Inc. investor protection violation 2003 SEC $382,000
A.G. Edwards & Sons, Inc. investor protection violation 2008 NJ-AG $387,000
Wells Fargo Bank, N.A. data submission deficiencies 2016 CFTC $400,000
Wachovia Capital Markets, LLC investor protection violation 2007 MD-AG $402,386
First Union Securities, Inc. investor protection violation 2000 SEC $408,931
Wells Fargo Bank N.A. Municipal Products Group investor protection violation 2016 SEC $440,000
Wachovia Financial Services wage and hour violation 2010 private lawsuit-federal $450,000
Wells Fargo Clearing Services, LLC investor protection violation 2019 MA-SEC $450,000
A.G. Edwards & Sons Inc. investor protection violation 2007 SC-SEC $575,000
Wells Fargo workplace whistleblower retaliation 2017 OSHA $577,500
Wells Fargo Bank mortgage abuses 2015 MA-AG $675,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $685,000
Wells Fargo Bank consumer protection violation 2011 CT-AG $741,465
A.G. Edwards & Sons, Inc. investor protection violation 2011 MO-SEC $765,993
Prudential Securities Incorporated investor protection violation 2001 SEC $800,000
Wells Fargo Securities investor protection violation 2019 SEC $812,500
Wells Fargo mortgage abuses 2012 MD-AG $940,056
Wachovia Securities benefit plan administrator violation 2009 private lawsuit-federal $1,005,000
Wells Fargo Financial California, Inc. consumer protection violation 2005 CA-DBO $1,621,010
Wells Fargo Bank wage and hour violation 2015 private lawsuit-federal $1,850,000
Wells Fargo Investments, LLC investor protection violation 2009 MULTI-FIN $1,900,000
Wells Fargo Insurance Services wage and hour violation 2015 private lawsuit-federal $2,000,000
Strong Capital Management, Inc. investor protection violation 2006 SEC $2,185,927
Wells Fargo consumer protection violation 2004 NY-AG $2,900,000
Wells Fargo wage and hour violation 2014 private lawsuit-state $3,000,000
Wachovia Securities, LLC investor protection violation 2011 NJ-AG $3,200,000
Wells Fargo Advisors, LLC anti-money-laundering deficiencies 2017 SEC $3,500,000
Wells Fargo Advisors wage and hour violation 2017 private lawsuit-federal $3,500,000
A.G. Edwards & Sons, Inc. investor protection violation 2007 SEC $3,860,000
Wells Fargo wage and hour violation 2017 private lawsuit-federal $3,900,000
Wells Fargo Bank, National Association banking violation 2015 OCC $4,000,000
Wells Fargo Advisors wage and hour violation 2013 private lawsuit-federal $4,000,000
Wells Fargo Bank consumer protection violation 2015 NY-DFS $4,000,000
Wells Fargo Bank consumer protection violation 2016 CFPB $4,010,000
Wells Fargo Bank False Claims Act and related 2008 USAO $4,046,786
Wells Fargo Bank N.A. Servicemembers Civil Relief Act 2016 DOJ_RIGHTS $4,100,000
Wachovia Securities, LLC investor protection violation 2004 SEC $4,844,465
Wells Fargo Advisors LLC investor protection violation 2014 SEC $5,000,000
Wells Fargo Home Mortgage discriminatory practices (non-employment) 2014 HUD $5,000,000
Wells Fargo Advisors LLC investor protection violation 2018 SEC $5,108,441
Wells Fargo Bank, N.A. and Wells Fargo Insurance, Inc. insurance violation 2019 CA-INS $5,345,816
Wells Fargo Bank N.A workplace whistleblower retaliation 2017 OSHA $5,400,000
Wells Fargo Bank N.A., d/b/a Wells Fargo Dealer Services Servicemembers Civil Relief Act 2017 DOJ_RIGHTS $5,400,000
Wachovia Bank wage and hour violation 2004 WHD $5,798,744
Prudential Securities Incorporated investor protection violation 2000 SEC $5,880,000
Wells Fargo toxic securities abuses 2012 SEC $6,500,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,660,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,720,000
Wells Fargo wage and hour violation 2011 private lawsuit-federal $6,900,000
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