Violation Tracker

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Violation Tracker Industry Summary Page

Industry: financial services
Penalty Total since 2000: $394,326,371,910
Number of Records: 7,908
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	$87,299,969,499	332
JPMorgan Chase	$40,164,908,209	281
UBS	$31,275,299,125	181
Wells Fargo	$27,616,269,231	266
Citigroup	$27,081,211,792	183
Deutsche Bank	$20,011,467,563	99
Goldman Sachs	$17,919,491,249	115
NatWest Group PLC	$14,264,317,618	41
Morgan Stanley	$10,907,502,443	205
BNP Paribas	$10,363,464,666	23

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
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
Morgan Stanley & Co.	Morgan Stanley	investor protection violation	2006	SEC	$10,000,000
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
Putnam Investment Management LLC	Franklin Resources	investor protection violation	2004	SEC	$55,000,000
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	UBS	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
U.S. Bancorp Piper Jaffray Inc.	Piper Sandler	investor protection violation	2003	SEC	$32,500,000
UBS Warburg LLC	UBS	investor protection violation	2003	SEC	$80,000,000
Deutsche Bank Securities Inc.	Deutsche Bank	investor protection violation	2002	SEC	$1,650,000
Goldman, Sachs & Co.	Goldman Sachs	investor protection violation	2002	SEC	$1,650,000
Morgan Stanley & Co. Incorporated	Morgan Stanley	investor protection violation	2002	SEC	$1,650,000
Salomon Smith Barney Inc.	Morgan Stanley	investor protection violation	2002	SEC	$1,650,000
U.S. Bancorp Piper Jaffray Inc.	Piper Sandler	investor protection violation	2002	SEC	$1,650,000
Credit Suisse First Boston Corporation	UBS	investor protection violation	2002	SEC	$100,000,000
Dain Rauscher Incorporated	Royal Bank of Canada	investor protection violation	2000	SEC	$12,941,191
Goldman, Sachs & Co.	Goldman Sachs	investor protection violation	2000	SEC	$5,200,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	Bank of America	investor protection violation	2000	SEC	$5,000,000
Morgan Stanley & Co. Incorporated	Morgan Stanley	investor protection violation	2000	SEC	$2,500,000
PaineWebber Incorporated	UBS	investor protection violation	2000	SEC	$26,200,000
Prudential Securities Incorporated	Wells Fargo	investor protection violation	2000	SEC	$5,880,000
Salomon Smith Barney Inc.	Morgan Stanley	investor protection violation	2000	SEC	$45,000,000
Warburg Dillon Read LLC	UBS	investor protection violation	2000	SEC	$6,680,000
JSC VTB Bank	VTB Group	investor protection violation	2016	CFTC	$5,000,000
Barclays Bank PLC	Barclays	investor protection violation	2016	CFTC	$500,000
Wells Fargo Bank, N.A.	Wells Fargo	investor protection violation	2016	CFTC	$400,000
SG Americas Securities, LLC	Societe Generale	investor protection violation	2016	CFTC	$750,000

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