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
ICAP plc	CME Group	investor protection violation	2009	SEC	$25,000,000
Regions Bank	Regions Financial	investor protection violation	2009	SEC	$1,000,000
Bank of America Corporation	Bank of America	investor protection violation	2009	SEC	$33,000,000
Morgan Stanley	Morgan Stanley	investor protection violation	2009	SEC	$500,000
Ameriprise Financial Services, Inc.	Ameriprise Financial	investor protection violation	2009	SEC	$17,300,000
Evergreen Investment Management Company LLC	Wells Fargo	investor protection violation	2009	SEC	$40,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.	Bank of America	investor protection violation	2009	SEC	$7,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	Bank of America	investor protection violation	2009	SEC	$1,000,000
AmSouth Bank	Regions Financial	investor protection violation	2008	SEC	$11,400,000
Scottrade, Inc.	Charles Schwab Corp.	investor protection violation	2008	SEC	$950,000
Banc of America Investment Services, Inc.	Bank of America	investor protection violation	2008	SEC	$9,763,634
Federal Home Loan Mortgage Corporation (Freddie Mac)	Freddie Mac (Federal Home Loan Mortgage Corporation)	investor protection violation	2007	SEC	$50,000,000
Evergreen Investment Management Company	Wells Fargo	investor protection violation	2007	SEC	$32,500,000
HSBC Bank USA, N.A.	HSBC	investor protection violation	2007	SEC	$10,500,000
Swiss Re Financial Products Corporation	Swiss Re	investor protection violation	2007	SEC	$95,000
General American Life Insurance Company	MetLife	investor protection violation	2007	SEC	$3,300,000
Morgan Stanley & Co. Incorporated	Morgan Stanley	investor protection violation	2007	SEC	$7,957,200
Zurich Capital Markets Inc.	Zurich Insurance	investor protection violation	2007	SEC	$16,800,000
A.G. Edwards & Sons, Inc.	Wells Fargo	investor protection violation	2007	SEC	$3,860,000
Goldman Sachs Execution and Clearing L.P.	Goldman Sachs	investor protection violation	2007	SEC	$2,000,000
Fred Alger Management, Inc.	Alger Associates	investor protection violation	2007	SEC	$40,000,000
Hartford Financial Services Group, Inc.	Hartford Financial Services	investor protection violation	2006	SEC	$55,000,000
Morgan Stanley & Co.	Morgan Stanley	investor protection violation	2006	SEC	$10,000,000
A.G. Edwards & Sons, Inc.	Wells Fargo	investor protection violation	2006	SEC	$125,000
Banc of America Securities LLC	Bank of America	investor protection violation	2006	SEC	$750,000
Bear, Stearns & Co., Inc.	JPMorgan Chase	investor protection violation	2006	SEC	$1,500,000
Citigroup Global Markets, Inc.	Citigroup	investor protection violation	2006	SEC	$1,500,000
Goldman Sachs & Co.	Goldman Sachs	investor protection violation	2006	SEC	$1,500,000
J.P. Morgan Securities, Inc.	JPMorgan Chase	investor protection violation	2006	SEC	$1,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	Bank of America	investor protection violation	2006	SEC	$1,500,000
Morgan Keegan & Company, Inc.	Raymond James Financial	investor protection violation	2006	SEC	$125,000
Morgan Stanley & Co. Incorporated/ Morgan Stanley DW Inc.	Morgan Stanley	investor protection violation	2006	SEC	$1,500,000
Piper Jaffray & Co.	Piper Sandler	investor protection violation	2006	SEC	$125,000
RBC Dain Rauscher Inc	Royal Bank of Canada	investor protection violation	2006	SEC	$1,500,000
SunTrust Capital Markets Inc.	Truist Financial	investor protection violation	2006	SEC	$125,000
Wachovia Capital Markets, LLC	Wells Fargo	investor protection violation	2006	SEC	$125,000
Bear, Stearns & Co., Inc.	JPMorgan Chase	investor protection violation	2006	SEC	$250,000,000
American International Group, Inc.	American International Group	investor protection violation	2006	SEC	$800,000,000
Ameriprise Financial, Inc.	Ameriprise Financial	investor protection violation	2005	SEC	$15,000,000
Ameriprise Financial, Inc.	Ameriprise Financial	investor protection violation	2005	SEC	$30,000,000
Federated Investors, Inc.	Federated Hermes	investor protection violation	2005	SEC	$72,000,000
Canadian Imperial Bank of Commerce	Canadian Imperial Bank of Commerce	investor protection violation	2005	SEC	$125,000,000
Citigroup, Inc.	Citigroup	investor protection violation	2005	SEC	$208,000,000
New York Stock Exchange, Inc.	IntercontinentalExchange Group	investor protection violation	2005	SEC	$20,000,000
Citigroup Global Markets, Inc.	Citigroup	investor protection violation	2005	SEC	$20,000,000
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLC	Bank of America	investor protection violation	2005	SEC	$375,000,000
Columbia Management Advisors Inc. and Columbia Funds Distributor Inc.	Ameriprise Financial	investor protection violation	2005	SEC	$140,000,000
Goldman, Sachs & Co.	Goldman Sachs	investor protection violation	2005	SEC	$40,000,000
Morgan Stanley & Co.	Morgan Stanley	investor protection violation	2005	SEC	$40,000,000
Southwest Securities, Inc.	Hilltop Holdings	investor protection violation	2005	SEC	$10,000,000
Edward D. Jones & Co., L.P.	Jones Financial	investor protection violation	2004	SEC	$75,000,000
Knight Securities, L.P.	Virtu Financial	investor protection violation	2004	SEC	$66,500,000
Franklin Advisers, Inc. and Franklin Templeton Distributors, Inc.	Franklin Resources	investor protection violation	2004	SEC	$20,000,000
American International Group, Inc.	American International Group	investor protection violation	2004	SEC	$46,000,000
Wachovia Corporation	Wells Fargo	investor protection violation	2004	SEC	$37,000,000
AIM Advisors, Inc. and AIM Distributors, Inc.	Invesco	investor protection violation	2004	SEC	$50,000,000
Invesco Funds Group, Inc.	Invesco	investor protection violation	2004	SEC	$325,000,000
TD Waterhouse Investor Services, Inc.	Toronto-Dominion Bank	investor protection violation	2004	SEC	$2,000,000
PA Fund Management LLC, PEA Capital LLC and PA Distributors LLC	Allianz	investor protection violation	2004	SEC	$11,600,000
Charles Schwab & Co., Inc.	Charles Schwab Corp.	investor protection violation	2004	SEC	$350,000
PA Fund Management LLC, PEA Capital LLC and PA Distributors LLC	Allianz	investor protection violation	2004	SEC	$50,000,000
Deutsche Bank Securities Inc.	Deutsche Bank	investor protection violation	2004	SEC	$87,500,000
Thomas Weisel Partners LLC	Stifel Financial	investor protection violation	2004	SEC	$12,500,000
Friedman, Billings, Ramsey & Co., Inc.	Arlington Asset Investment Corp.	investor protection violation	2004	SEC	$125,000
Janney Montgomery Scott LLC	Penn Mutual	investor protection violation	2004	SEC	$875,000
Morgan Keegan & Co., Inc.	Raymond James Financial	investor protection violation	2004	SEC	$875,000
Prudential Equity Group, LLC f/k/a Prudential Securities Inc.	Prudential Financial	investor protection violation	2004	SEC	$375,000
SG Cowen & Co., LLC f/k/a SG Cowen Securities Corporation	Toronto-Dominion Bank	investor protection violation	2004	SEC	$125,000
Janus Capital Management LLC	Janus Henderson	investor protection violation	2004	SEC	$100,000,000
Conseco, Inc.	CNO Financial	investor protection violation	2004	SEC	$15,000,000
Fidelity Brokerage Services, LLC	Fidelity Investments	investor protection violation	2004	SEC	$1,000,000
Franklin Advisers, Inc.	Franklin Resources	investor protection violation	2004	SEC	$50,000,000
Banc One Investment Advisors Corporation	JPMorgan Chase	investor protection violation	2004	SEC	$50,000,000
Wilmington Trust Company	M&T Bank	investor protection violation	2004	SEC	$125,000
Strong Capital Management, Inc.	Wells Fargo	investor protection violation	2004	SEC	$80,000,000
Massachusetts Financial Services Company	Sun Life Financial	investor protection violation	2004	SEC	$50,000,000
Spear, Leeds & Kellogg Specialists LLC	Goldman Sachs	investor protection violation	2004	SEC	$45,272,478
FleetBoston Financial Corporation	Bank of America	investor protection violation	2004	SEC	$140,000,000
Banc of America Securities LLC	Bank of America	investor protection violation	2004	SEC	$10,000,000
American Express Financial Advisors Inc.	Ameriprise Financial	investor protection violation	2004	SEC	$3,706,693
Legg Mason Wood Walker, Inc.	Franklin Resources	investor protection violation	2004	SEC	$2,315,467
Raymond James Financial Services, Inc.	Raymond James Financial	investor protection violation	2004	SEC	$2,595,129
UBS Financial Services Inc.	UBS	investor protection violation	2004	SEC	$4,621,768
Wachovia Securities, LLC	Wells Fargo	investor protection violation	2004	SEC	$4,844,465
Massachusetts Financial Services Co.	Sun Life Financial	investor protection violation	2004	SEC	$225,000,000
Alliance Capital Management L.P.	Equitable Holdings	investor protection violation	2003	SEC	$250,000,000
Morgan Stanley DW Inc.	Morgan Stanley	investor protection violation	2003	SEC	$50,000,000
J.P. Morgan Securities Inc.	JPMorgan Chase	investor protection violation	2003	SEC	$25,000,000
Goldman Sachs	Goldman Sachs	investor protection violation	2003	SEC	$9,305,382
Massachusetts Financial Services Company	Sun Life Financial	investor protection violation	2003	SEC	$917,858
UBS PaineWebber, Inc.	UBS	investor protection violation	2003	SEC	$500,000
Deutsche Asset Management, Inc.	Deutsche Bank	investor protection violation	2003	SEC	$750,000
SG Cowen Securities Corporation	Toronto-Dominion Bank	investor protection violation	2003	SEC	$5,000,000
Prudential Securities, Inc.	Wells Fargo	investor protection violation	2003	SEC	$382,000
Bear, Stearns & Co. Inc.	JPMorgan Chase	investor protection violation	2003	SEC	$80,000,000
Citigroup Global Markets Inc. f/k/a Salomon Smith Barney Inc.	Citigroup	investor protection violation	2003	SEC	$400,000,000
Credit Suisse First Boston LLC	Credit Suisse	investor protection violation	2003	SEC	$200,000,000
Goldman, Sachs & Co.	Goldman Sachs	investor protection violation	2003	SEC	$110,000,000
J.P. Morgan Securities Inc.	JPMorgan Chase	investor protection violation	2003	SEC	$80,000,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporated	Bank of America	investor protection violation	2003	SEC	$200,000,000
Morgan Stanley & Co. Incorporated	Morgan Stanley	investor protection violation	2003	SEC	$125,000,000