Violation Tracker

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Violation Tracker Industry Summary Page

Industry: financial services
Penalty Total since 2000: $364,987,502,767
Number of Records: 7,424
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	$83,860,718,022	283
JPMorgan Chase	$36,735,865,891	239
Citigroup	$26,665,437,031	170
Wells Fargo	$25,943,801,143	236
Deutsche Bank	$19,684,396,135	92
UBS	$17,479,735,000	115
Goldman Sachs	$17,054,777,591	97
NatWest Group PLC	$14,007,380,190	38
Credit Suisse	$11,673,430,792	57
Morgan Stanley	$10,440,931,900	196

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.

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Company	Current Parent	Primary Offense Type	Year .	Agency	Penalty Amount
Banc of America Investment Services	Bank of America	employment discrimination	2009	private lawsuit-federal	$7,200,000
Merrill Lynch & Co., Inc.	Bank of America	benefit plan administrator violation	2009	private lawsuit-federal	$75,000,000
Countrywide Financial Corporation	Bank of America	benefit plan administrator violation	2009	private lawsuit-federal	$55,000,000
Wachovia Securities	Wells Fargo	benefit plan administrator violation	2009	private lawsuit-federal	$1,005,000
Bank of New York Mellon Corporation	Bank of New York Mellon	benefit plan administrator violation	2009	private lawsuit-federal	$2,200,000
MBNA Corp.	Bank of America	benefit plan administrator violation	2009	private lawsuit-federal	$4,500,000
American International Group	American International Group	wage and hour violation	2009	MA-AG	$900,000
Ameriprise Financial Services, Inc.	Ameriprise Financial	consumer protection violation	2009	MA-AG	$200,000
Bank of America	Bank of America	privacy violation	2009	CT-AG	$350,000
Chase Bank USA, N.A.	JPMorgan Chase	consumer protection violation	2009	NY-AG	$4,400,000
Citigroup Global Markets Inc.	Citigroup	investor protection violation	2009	DE-AG	$309,000
Citigroup Global Markets Inc.	Citigroup	investor protection violation	2009	NJ-AG	$3,300,932
Countrywide Financial Corp.	Bank of America	mortgage abuses	2009	CO-AG	$6,000,000
Countrywide Financial Corp.	Bank of America	mortgage abuses	2009	RI-AG	$1,146,000
Countrywide Financial Corporation	Bank of America	mortgage abuses	2009	OR-AG	$1,000,000
Countrywide Financial Corporation	Bank of America	mortgage abuses	2009	PA-AG	$150,000,000
Countrywide Financial Corporation	Bank of America	mortgage abuses	2009	SD-AG	$161,805
Countrywide Financial Corporation	Bank of America	mortgage abuses	2009	WI-AG	$41,100,000
Countrywide Financial Corporation	Bank of America	mortgage abuses	2009	WV-AG	$340,901
Countrywide Home Loans	Bank of America	mortgage abuses	2009	IN-AG	$2,800,000
Deutsche Bank Securities, Inc.	Deutsche Bank	investor protection violation	2009	NJ-AG	$1,057,350
Encore Capital Group Inc., Midland Credit Management, Inc. and Midland Funding LLC	Encore Capital Group	consumer protection violation	2009	MD-AG	$998,000
Goldman Sachs & Co.	Goldman Sachs	mortgage abuses	2009	MA-AG	$60,000,000
Great American Insurance Co.	American Financial Group	insurance violation	2009	MA-AG	$176,000
Great American Life Insurance Company	Massachusetts Mutual Life Insurance	insurance violation	2009	MN-AG	$50,000,000
Guardian Life Insurance Company of America	Guardian Life Insurance	discriminatory practices (non-employment)	2009	NY-AG	$500,000
H&R Block	H&R Block	consumer protection violation	2009	CA-AG	$4,850,000
Hanover Insurance Co.	Hanover Insurance	consumer protection violation	2009	MA-AG	$415,000
Hartford Financial Services Group, Inc.	Hartford Financial Services	price-fixing or anti-competitive practices	2009	CT-AG	$1,300,000
HealthNow NewYork, Inc.	Highmark Inc.	consumer protection violation	2009	NY-AG	$212,500
Marsh & McLennan Companies, Inc.	Marsh & McLennan	kickbacks and bribery	2009	CT-AG	$2,400,000
Marsh and McLennan	Marsh & McLennan	investor protection violation	2009	MULTI-AG	$400,000,000
Marsh and McLennan	Marsh & McLennan	price-fixing or anti-competitive practices	2009	MULTI-AG	$7,000,000
Merrill Lynch	Bank of America	investor protection violation	2009	DE-AG	$459,000
Merrill Lynch	Bank of America	toxic securities abuses	2009	MA-AG	$300,000
Merrill Lynch	Bank of America	investor protection violation	2009	OH-AG	$475,000,000
Morgan Stanley Capital Group Inc.	Morgan Stanley	consumer protection violation	2009	FL-AG	$2,275,000
OppenheimerFunds Inc.	Invesco	investor protection violation	2009	OR-AG	$20,000,000
OppenheimerFunds, Inc.	Invesco	investor protection violation	2009	IL-AG	$77,230,000
Progressive Direct Insurance Co.	Progressive	consumer protection violation	2009	MA-AG	$120,000
Royal Bank of Canada	Royal Bank of Canada	investor protection violation	2009	DE-AG	$22,156
Student Loan Xpress, Inc.	First Citizens BancShares	consumer protection violation	2009	MULTI-AG	$112,825,000
TD Ameritrade, Inc.	Charles Schwab Corp.	investor protection violation	2009	MULTI-AG	$456,000,000
The Chubb Corp.	Chubb Limited	consumer protection violation	2009	MA-AG	$239,011
Wachovia Securities, LLC	Wells Fargo	investor protection violation	2009	DE-AG	$309,000
Wells Fargo	Wells Fargo	investor protection violation	2009	CA-AG	$1,400,000,000
Credit Suisse AG	Credit Suisse	economic sanction violation	2009	NY-MANDA	$268,000,000
Lloyds TSB Bank plc	Lloyds Banking Group	economic sanction violation	2009	NY-MANDA	$175,000,000
Seabury & Smith, Inc.	Marsh & McLennan	insurance violation	2009	AK-INS	$39,378
Allied Home Mortgage Capital Corp.	Americus Mortgage	investor protection violation	2009	AR-SEC	$10,000
Coast National Insurance Co.	Zurich Insurance	insurance violation	2009	AZ-DIFI	$38,000
Blue Shield of California Life & Health Insurance Co.	California Physicians' Service	insurance violation	2009	CA-INS	$285,000
California Physicians' Service dba Blue Shield of California	California Physicians' Service	insurance violation	2009	CA-MHC	$12,500
New York Life Insurance Co.	New York Life Insurance	insurance violation	2009	CA-INS	$175,000
California Physicians' Service dba Blue Shield of California	California Physicians' Service	insurance violation	2009	CA-MHC	$15,000
Conseco Senior Health Insurance Co.	CNO Financial	insurance violation	2009	CA-INS	$500,000
California Physicians' Service dba Blue Shield of California	California Physicians' Service	insurance violation	2009	CA-MHC	$30,000
Coast National Insurance Co.	Zurich Insurance	insurance violation	2009	CA-INS	$150,000
National Western Life Insurance Co.	National Western Life	insurance violation	2009	CO-INS	$11,500
Time Insurance Co.	Haven Holdings	insurance violation	2009	CO-INS	$103,500
Permanent General Assurance Corp.	American Family Insurance	insurance violation	2009	CO-INS	$31,900
Freedom Mortgage Corp.	Freedom Mortgage	consumer protection violation	2009	CT-BKG	$43,000
PHH Mortgage Corp. dba Century Mortgage	Ocwen Financial	consumer protection violation	2009	CT-BKG	$6,000
Safeco	Liberty Mutual Insurance	insurance violation	2009	CT-INS	$434,000
Prosper Marketplace, Inc.	Prosper Marketplace	investor protection violation	2009	CT-SEC	$12,602
Bankers Life & Casualty Co.	CNO Financial	insurance violation	2009	CT-INS	$100,000
Citigroup Global Markets Inc.	Citigroup	consumer protection violation	2009	CT-BKG	$75,000
Ameritrade, Inc.	Charles Schwab Corp.	investor protection violation	2009	DE-SEC	$40,000
USAA Life Insurance Co.	USAA	insurance violation	2009	FL-OFR	$50,000
Universal Property & Casualty Insurance Co.	Universal Insurance Holdings	insurance violation	2009	FL-OFR	$99,000
National Union Fire Insurance Company of Pittsburgh, Pa.	American International Group	insurance violation	2009	ID-INS	$5,000
State Farm Mutual Automobile Insurance Co. et al.	State Farm Insurance	insurance violation	2009	IN-INS	$275,000
Chicago Title Insurance Co.	Fidelity National Financial	insurance violation	2009	IN-INS	$24,150
Ticor Title Insurance Co.	Fidelity National Financial	insurance violation	2009	IN-INS	$10,850
Liberty Mutual Insurance Co.	Liberty Mutual Insurance	insurance violation	2009	IN-INS	$5,000
Reliance Standard Life Insurance Co.	Tokio Marine	insurance violation	2009	KS-INS	$6,300
Old Republic Insurance Co.	Old Republic International	insurance violation	2009	KS-INS	$5,000
Progressive Direct Insurance Co.	Progressive	insurance violation	2009	KS-INS	$5,000
Bankers Life & Casualty Co.	CNO Financial	insurance violation	2009	KS-INS	$8,000
AmeriSave Mortgage Corp.	AmeriSave Mortgage	consumer protection violation	2009	KY-FIN	$18,000
Allied Home Mortgage Capital Corp.	Americus Mortgage	consumer protection violation	2009	KY-FIN	$5,740
Mortgage Access Corp. dba Weichert Financial Services	Weichert Financial Services	consumer protection violation	2009	KY-FIN	$5,000
Ameriprise Financial Services, Inc.	Ameriprise Financial	investor protection violation	2009	KY-FIN	$983,984
Morgan Stanley & Co. Inc.	Morgan Stanley	investor protection violation	2009	MD-SEC	$100,000
Prosper Marketplace, Inc.	Prosper Marketplace	investor protection violation	2009	MD-SEC	$28,706
Bankers Life & Casualty Co.	CNO Financial	insurance violation	2009	ME-INS	$500,000
Sun Life Insurance Company of Canada	Sun Life Financial	insurance violation	2009	MN-FIN	$7,500
Homesite Insurance Company of the Midwest	American Family Insurance	insurance violation	2009	MN-FIN	$15,000
Marsh USA Inc.	Marsh & McLennan	insurance violation	2009	MN-FIN	$325,000
Merrill Lynch, Pierce, Fenner & Smith Inc.	Bank of America	investor protection violation	2009	MO-SEC	$20,000
Old Republic National Title Insurance Co.	Old Republic International	insurance violation	2009	MO-INS	$77,375
Securian Financial Services, Inc.	Securian Financial	investor protection violation	2009	MO-SEC	$79,445
Raymond James Financial Services, Inc.	Raymond James Financial	investor protection violation	2009	MO-SEC	$52,300
Chicago Title Insurance Co.	Fidelity National Financial	insurance violation	2009	MO-INS	$55,496
Ticor Title Insurance Co.	Fidelity National Financial	insurance violation	2009	MO-INS	$20,725
UBS Financial Services, Inc.	UBS	investor protection violation	2009	MO-SEC	$170,175
Monumental Life Insurance Co.	Aegon	insurance violation	2009	MO-INS	$26,001
Conseco Medical Insurance Co.	CNO Financial	insurance violation	2009	MO-INS	$75,018
Investment Professionals, Inc.	Ameriprise Financial	investor protection violation	2009	MO-SEC	$52,500
LPL Financial Corp.	LPL Financial	investor protection violation	2009	MT-SEC	$1,294,416
American Family Mutual Insurance Company	American Family Insurance	insurance violation	2009	ND-INS	$5,000

(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.