01:43 PM EST, 01/14/2025 (MT Newswires) -- Three former Wells Fargo (WFC) senior executives face enforcement actions from the Office of the Comptroller of the Currency for their role in the bank's widespread sales practice misconduct, the regulator said Tuesday.

The actions include prohibitions and civil penalties for Claudia Russ Anderson, David Julian, and Paul McLinko, former senior executives of Wells Fargo Bank in Sioux Falls, South Dakota, the OCC said.

One decision found that from 2013 to 2016 Anderson failed to challenge the bank's incentive compensation program, neglected to put controls and downplayed sales malpractices and ignored escalating the issues, and withheld or provided misleading information during the OCC's 2015 audits.

A separate decision found that between 2013 and 2016, Julian and McLinko failed to plan and manage audits to detect sales malpractices and did not escalate the issues properly, among others.

These decisions stem from the OCC's investigation into the misconduct, which involved employees engaging in unethical sales practices due to pressure of unreasonable sales goals, the regulator said.

Wells Fargo ( WFC ) didn't immediately respond to a request for comment from MT Newswires.

Price: 71.06, Change: +0.53, Percent Change: +0.74