Violation Tracker Individual Record
Company:
Wells Fargo & Co.
Current Parent Company:
Wells Fargo
Penalty:
$20,000,000
Year:
2020
Date:
June 16, 2020
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Wells Fargo agreed to pay $20 million to the State of Maryland in settlement of allegations it misled investors over the safety of its residential mortgage-backed securities.
Level of Government:
state
Action Type:
agency action
Agency:
Maryland Attorney General
Civil or Criminal Case:
civil
Facility State:
Maryland
HQ Country of Parent:
USA
HQ State of Parent:
California
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
