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Violation Tracker Industry Summary Page
Industry: financial services
Penalty Total since 2000: $347,416,567,662
Number of Records: 7,172
Note: The totals include only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. The totals are adjusted to account for the fact that each parent's entries 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. They 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 individual records list below.
| Top 10 Current Parent Companies | Total Penalty $ | Number of Records |
| Bank of America | $83,354,221,356 | 271 |
| JPMorgan Chase | $36,129,286,132 | 223 |
| Wells Fargo | $25,781,458,643 | 230 |
| Citigroup | $25,740,655,365 | 159 |
| Deutsche Bank | $18,541,562,802 | 79 |
| UBS | $17,082,743,334 | 106 |
| Goldman Sachs | $16,603,475,848 | 90 |
| NatWest Group PLC | $13,515,546,857 | 31 |
| Credit Suisse | $11,427,400,126 | 52 |
| Morgan Stanley | $10,167,765,234 | 190 |
Individual Penalty Records:
Click on the company or penalty amount for more information on each case. Click on the parent name to reach the summary page for that parent company.
| Company | Current Parent | Primary Offense Type | Year | Agency  . | Penalty Amount |
| Marsh & McLennan Agency LLC | Marsh & McLennan | insurance violation | 2016 | AK-INS | $10,000 |
| Marsh & McLennan Agency LLC | Marsh & McLennan | insurance violation | 2019 | AK-INS | $20,000 |
| Marsh USA Inc. | Marsh & McLennan | insurance violation | 2019 | AK-INS | $30,000 |
| Affinity Insurance Services, Inc. | Aon | insurance violation | 2021 | AK-INS | $35,000 |
| New Hampshire Insurance Co. | American International Group | insurance violation | 2022 | AK-INS | $7,500 |
| Edward D. Jones and Co.,LP | Jones Financial | investor protection violation | 2003 | AK-DBS | $11,000 |
| Wachovia Securities, LLC | Wells Fargo | investor protection violation | 2010 | AK-DBS | $129,131 |
| Citigroup Global Markets, Inc. | Citigroup | investor protection violation | 2010 | AK-DBS | $150,507 |
| UBS Securities LLC | UBS | investor protection violation | 2010 | AK-DBS | $733,465 |
| UBS Financial Services, Inc. | UBS | investor protection violation | 2013 | AK-DBS | $64,661 |
| RBC Capital Markets, LLC | Royal Bank of Canada | investor protection violation | 2013 | AK-DBS | $44,370 |
| J.P. Morgan Securities, LLC | JPMorgan Chase | investor protection violation | 2014 | AK-DBS | $51,120 |
| Citigroup Global Markets, Inc. | Citigroup | investor protection violation | 2015 | AK-DBS | $35,000 |
| Academy Mortgage Corp. | Academy Mortgage Corp. | consumer protection violation | 2017 | AK-DBS | $6,500 |
| Quicken Loans Inc. | Rocket Companies Inc. | consumer protection violation | 2018 | AK-DBS | $11,000 |
| LPL Financial LLC | LPL Financial | investor protection violation | 2019 | AK-DBS | $499,000 |
| Securian Financial Services, Inc. | Securian Financial | investor protection violation | 2020 | AK-DBS | $10,000 |
| Solium Financial Services LLC | Morgan Stanley | investor protection violation | 2020 | AK-DBS | $10,527 |
| Bank of America | Bank of America | False Claims Act and related | 2001 | AK-AG | $35,600,000 |
| Mercer | Marsh & McLennan | accounting fraud or deficiencies | 2010 | AK-AG | $500,000,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2018 | private lawsuit-federal | $3,000,000 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2018 | private lawsuit-state | $27,500,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2018 | private lawsuit-federal | $8,333,333 |
| BB&T | Truist Financial | wage and hour violation | 2018 | private lawsuit-federal | $72,336 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2017 | private lawsuit-state | $13,000,000 |
| Progressive | Progressive | wage and hour violation | 2017 | private lawsuit-federal | $46,000 |
| Prudential Financial | Prudential Financial | wage and hour violation | 2017 | private lawsuit-federal | $12,500,000 |
| Bank of America | Bank of America | wage and hour violation | 2017 | private lawsuit-federal | $6,000,000 |
| Wells Fargo Advisors | Wells Fargo | wage and hour violation | 2017 | private lawsuit-federal | $3,500,000 |
| U.S. Bancorp | U.S. Bancorp | wage and hour violation | 2017 | private lawsuit-federal | $7,000,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2017 | private lawsuit-federal | $16,666,667 |
| Ditech Financial LLC | Ditech Holding Corporation | wage and hour violation | 2017 | private lawsuit-federal | $1,383,000 |
| Farmers Insurance Exchange | Farmers Insurance Exchange | wage and hour violation | 2017 | private lawsuit-federal | $775,000 |
| Citigroup | Citigroup | wage and hour violation | 2017 | private lawsuit-federal | $1,080,000 |
| Regions Financial | Regions Financial | wage and hour violation | 2017 | private lawsuit-federal | $620,634 |
| Fifth Third Bank | Fifth Third Bancorp | wage and hour violation | 2017 | private lawsuit-federal | $1,111,388 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2017 | private lawsuit-federal | $685,000 |
| PNC Bank | PNC Financial Services | wage and hour violation | 2017 | private lawsuit-federal | $16,000,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2017 | private lawsuit-federal | $5,707,279 |
| U.S. Bancorp | U.S. Bancorp | wage and hour violation | 2017 | private lawsuit-federal | $1,150,000 |
| Allstate Insurance | Allstate | wage and hour violation | 2017 | private lawsuit-state | $2,000,000 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2017 | private lawsuit-federal | $3,900,000 |
| Bank of America | Bank of America | wage and hour violation | 2017 | private lawsuit-federal | $7,000,000 |
| Bank of America | Bank of America | wage and hour violation | 2017 | private lawsuit-federal | $1,900,000 |
| Farmers Insurance Exchange | Farmers Insurance Exchange | wage and hour violation | 2017 | private lawsuit-federal | $4,900,000 |
| Bank of America | Bank of America | wage and hour violation | 2017 | private lawsuit-federal | $6,600,000 |
| Citigroup | Citigroup | wage and hour violation | 2017 | private lawsuit-federal | $325,000 |
| PNC Financial Services | PNC Financial Services | wage and hour violation | 2016 | private lawsuit-federal | $6,000,000 |
| Hartford Fire Insurance | Hartford Financial Services | wage and hour violation | 2016 | private lawsuit-federal | $2,650,000 |
| Merrill Lynch | Bank of America | wage and hour violation | 2016 | private lawsuit-state | $2,645,000 |
| Bank of America | Bank of America | wage and hour violation | 2016 | private lawsuit-state | $4,000,000 |
| HSBC | HSBC | wage and hour violation | 2016 | private lawsuit-federal | $6,982,000 |
| BMO Financial | Bank of Montreal | wage and hour violation | 2016 | private lawsuit-federal | $700,000 |
| Bank of America | Bank of America | wage and hour violation | 2016 | private lawsuit-federal | $3,250,000 |
| PNC Bank | PNC Financial Services | wage and hour violation | 2016 | private lawsuit-federal | $1,500,000 |
| Morgan Stanley | Morgan Stanley | wage and hour violation | 2016 | private lawsuit-federal | $5,995,000 |
| AXA Advisors | Equitable Holdings | wage and hour violation | 2016 | private lawsuit-federal | $2,300,000 |
| Merrill Lynch | Bank of America | wage and hour violation | 2016 | private lawsuit-federal | $14,000,000 |
| New York Life | New York Life Insurance | wage and hour violation | 2016 | private lawsuit-federal | $94,818 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2016 | private lawsuit-federal | $950,000 |
| Banco Popular | Popular Inc. | wage and hour violation | 2016 | private lawsuit-federal | $50,243 |
| Bank of America | Bank of America | wage and hour violation | 2016 | private lawsuit-federal | $36,000,000 |
| Bank of America | Bank of America | wage and hour violation | 2016 | private lawsuit-federal | $2,250,000 |
| Compass Bank | PNC Financial Services | wage and hour violation | 2015 | private lawsuit-federal | $500,000 |
| Citigroup | Citigroup | wage and hour violation | 2015 | private lawsuit-federal | $4,650,000 |
| Wells Fargo Insurance Services | Wells Fargo | wage and hour violation | 2015 | private lawsuit-federal | $2,000,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2015 | private lawsuit-federal | $12,000,000 |
| Capital One | Capital One Financial | wage and hour violation | 2015 | private lawsuit-federal | $3,000,000 |
| Bank of America | Bank of America | wage and hour violation | 2015 | private lawsuit-federal | $9,000,000 |
| TD Bank | Toronto-Dominion Bank | wage and hour violation | 2015 | private lawsuit-federal | $9,900,000 |
| MB Financial | Fifth Third Bancorp | wage and hour violation | 2015 | private lawsuit-federal | $800,000 |
| UBS | UBS | wage and hour violation | 2015 | private lawsuit-federal | $1,312,500 |
| Freedom Mortgage | Freedom Mortgage | wage and hour violation | 2015 | private lawsuit-federal | $900,000 |
| Flagstar Bank | New York Community Bancorp | wage and hour violation | 2015 | private lawsuit-federal | $895,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2015 | private lawsuit-federal | $2,400,000 |
| Countrywide Home Loans Inc. | Bank of America | wage and hour violation | 2015 | private lawsuit-federal | $9,649,000 |
| BMO Financial | Bank of Montreal | wage and hour violation | 2015 | private lawsuit-federal | $3,900,000 |
| Wells Fargo Bank | Wells Fargo | wage and hour violation | 2015 | private lawsuit-federal | $1,850,000 |
| U.S. Bank | U.S. Bancorp | wage and hour violation | 2015 | private lawsuit-federal | $3,031,075 |
| MetLife | MetLife | wage and hour violation | 2015 | private lawsuit-federal | $1,970,000 |
| Fifth Third Bank | Fifth Third Bancorp | wage and hour violation | 2015 | private lawsuit-federal | $3,250,000 |
| Morgan Stanley | Morgan Stanley | wage and hour violation | 2014 | private lawsuit-federal | $4,200,000 |
| TD Bank | Toronto-Dominion Bank | wage and hour violation | 2014 | private lawsuit-federal | $6,000,000 |
| Charles Schwab | Charles Schwab Corp. | wage and hour violation | 2014 | private lawsuit-federal | $3,800,000 |
| JPMorgan Chase | JPMorgan Chase | wage and hour violation | 2014 | private lawsuit-federal | $16,000,000 |
| Merrill Lynch | Bank of America | wage and hour violation | 2014 | private lawsuit-federal | $6,900,000 |
| Fifth Third Bank | Fifth Third Bancorp | wage and hour violation | 2014 | private lawsuit-federal | $4,000,000 |
| KeyBank | KeyCorp | wage and hour violation | 2014 | private lawsuit-federal | $3,500,000 |
| U.S. Bancorp | U.S. Bancorp | wage and hour violation | 2014 | private lawsuit-federal | $6,450,000 |
| PNC Bank | PNC Financial Services | wage and hour violation | 2014 | private lawsuit-federal | $7,000,000 |
| Citizens Financial Group | Citizens Financial Group | wage and hour violation | 2014 | private lawsuit-federal | $11,501,500 |
| GMAC Mortgage | Ally Financial | wage and hour violation | 2014 | private lawsuit-federal | $2,000,000 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2014 | private lawsuit-federal | $15,000,000 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2014 | private lawsuit-state | $3,000,000 |
| Citizens Bank | Citizens Financial Group | wage and hour violation | 2014 | private lawsuit-federal | $3,000,000 |
| Old Republic Title | Old Republic International | wage and hour violation | 2014 | private lawsuit-federal | $12,000,000 |
| AllianceBernstein | Equitable Holdings | wage and hour violation | 2013 | private lawsuit-federal | $2,980,000 |
| Bank of America | Bank of America | wage and hour violation | 2013 | private lawsuit-federal | $73,000,000 |
| MetLife | MetLife | wage and hour violation | 2013 | private lawsuit-federal | $450,000 |
| H&R Block | H&R Block | wage and hour violation | 2013 | private lawsuit-federal | $221,400 |
| Wells Fargo Advisors | Wells Fargo | wage and hour violation | 2013 | private lawsuit-federal | $4,000,000 |
