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Violation Tracker Current Parent Company Summary

Current Parent Company Name: Bank of America
Ownership Structure: publicly traded (ticker symbol NYSE: BAC)
Headquartered in: North Carolina
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000: $87,294,669,499
Number of records: 330
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,259,859,04279
financial offenses$41,333,342,096156
employment-related offenses$887,742,03766
competition-related offenses$777,780,58520
government-contracting-related offenses$35,600,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,950,771,70619
toxic securities abuses$23,208,942,85711
investor protection violation$13,801,513,962119
consumer protection violation$4,264,482,30244
banking violation$4,179,637,53214
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below 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. The totals 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 list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgency sort iconPenalty Amount
Bank of America Corp.consumer protection violation2013WV-AG$1,950,000
Countrywide Financial Corporationmortgage abuses2009WV-AG$340,901
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005WI-FIN$7,000
Countrywide Financial Corporationmortgage abuses2009WI-AG$41,100,000
Bank of America, NAwage and hour violation2010WHD$5,827
Bank of America, N.A.wage and hour violation2010WHD$18,654
Merrill Lynch & Co., Inc.wage and hour violation2008WHD$516,924
Bank of AmericaFamily and Medical Leave Act2008WHD$6,500
Bank of Americawage and hour violation2008WHD$6,209
Bank of America Corporationwage and hour violation2006WHD$265,774
Merrill Lynch, Pierce, Fenner & Smith, Inc.wage and hour violation2006WHD$7,060
Bank of Americawage and hour violation2005WHD$12,824
Bank of America Corporationwage and hour violation2004WHD$5,972
Countrywide Financial Corporationwage and hour violation2004WHD$54,453
Bank of AmericaFamily and Medical Leave Act2017WHD$14,528
Countrywide Home Loans Inc.consumer protection violation2010WA-FIN$650,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2018VT-FIN$120,000
Merrill Lynchinvestor protection violation2020VT-FIN$125,000
MERRILL LYNCH PIERCE FENNER &investor protection violation2004VA-SEC$268,723
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2006VA-SEC$75,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2006VA-SEC$33,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016VA-SEC$11,500
Bank of America, National Associationenvironmental violation2013VA-ENV$27,625
Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc.toxic securities abuses2016VA-AG$19,500,000
Bank of Americainvestor protection violation2017USAO$2,500,000
Bank Of America NAenvironmental violation2005TX-ENV$12,480
Merrill Lynchinvestor protection violation2015SEC$10,900,000
Bank of America Corporationinvestor protection violation2014SEC$7,650,000
Merrill Lynchtoxic securities abuses2013SEC$131,800,000
Bank of Americainvestor protection violation2010SEC$150,000,000
Merrill Lynchinvestor protection violation2016SEC$10,000,000
Merrill Lynchinvestor protection violation2016SEC$415,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2015SEC$500,000
Merrill Lynchinvestor protection violation2011SEC$10,000,000
Bank of America Corporationinvestor protection violation2009SEC$33,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2009SEC$7,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009SEC$1,000,000
Banc of America Investment Services, Inc.investor protection violation2008SEC$9,763,634
Banc of America Securities LLCfraud2007SEC$26,000,000
Banc of America Securities LLCinvestor protection violation2006SEC$750,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2006SEC$1,500,000
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLCinvestor protection violation2005SEC$375,000,000
FleetBoston Financial Corporationinvestor protection violation2004SEC$140,000,000
Banc of America Securities LLCinvestor protection violation2004SEC$10,000,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2003SEC$200,000,000
Merrill Lynch & Co. Inc.accounting fraud or deficiencies2003SEC$80,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2000SEC$5,000,000
Merrill Lynchinvestor protection violation2016SEC$12,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedanti-money-laundering deficiencies2017SEC$13,000,000
Merrill Lynch, Pierce, Fenner & Smith Incinvestor protection violation2018SEC$1,404,000
Bank of America Corporationinvestor protection violation2014SEC$20,000,000
Banc of America Securities LLCprice-fixing or anti-competitive practices2010SEC$36,096,442
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$8,900,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$42,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2018SEC$15,700,000
Merrill Lynch, Pierce and Fenner & Smith Incorporatedinvestor protection violation2018SEC$8,872,723
Banc of America Investment Services, Inc.investor protection violation2009SEC$150,000
Banc of America Investment Services, Inc., and Bacap Distributors, LLCinvestor protection violation2005SEC$1,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019SEC$8,014,000
Merrill Lynch, Pierce and Fenner & Smith, Incorporatedinvestor protection violation2020SEC$325,376
BofA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2022SEC$125,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2023SEC$9,660,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedanti-money-laundering deficiencies2023SEC$6,000,000
Countrywide Financial Corporationmortgage abuses2009SD-AG$161,805
Merrill Lynch Life Insurance Companyinsurance violation2000SC-INS$5,000
Fleet National Bankenvironmental violation2000RI-ENV$18,034
Countrywide Financial Corp.mortgage abuses2009RI-AG$1,146,000
Countrywide Financial Corporationmortgage abuses2009PA-AG$150,000,000
Bank of America Corp.workplace whistleblower retaliation2011OSHA$930,000
BANK OF AMERICAworkplace safety or health violation2003OSHA$5,000
BANK OF AMERICAworkplace safety or health violation2011OSHA$6,600
Countrywide Financial Corporationmortgage abuses2009OR-AG$1,000,000
Merrill Lynchinvestor protection violation2009OH-AG$475,000,000
Bank of America Corpemployment discrimination2013OFCCP$2,181,593
Bank of Americaemployment discrimination2017OFCCP$1,000,000
Bank of Americaemployment discrimination2019OFCCP$4,200,000
Bank of America N.A.economic sanction violation2014OFAC$16,562,700
Bank of Americaeconomic sanction violation2004OFAC$13,573
Merrill Lynch, Pierce, Fenner & Smith, Inceconomic sanction violation2004OFAC$22,904
Bank of Americaeconomic sanction violation2003OFAC$158,038
Bank of America, National Associationbanking violation2015OCC$1,104,530
Bank of America, National Associationbanking violation2015OCC$30,000,000
Bank of America, National Associationbanking violation2014OCC$250,000,000
Bank of America, National Associationbanking violation2014OCC$25,000,000
Bank of Americabanking violation2013OCC$2,886,578,478
Lasalle Bank MidWest National Associationbanking violation2007OCC$125,000
Lasalle Bank National Associationbanking violation2007OCC$79,524
Lasalle Bank MidWest National Associationbanking violation2005OCC$6,250,000
Bank of America NAbanking violation2022OCC$125,000,000
Bank of America N.A.consumer protection violation2023OCC$60,000,000
Bank of America Corp.anti-money-laundering deficiencies2006NY-MANDA$7,500,000
Merrill Lynchwage and hour violation2019NY-DOL$18,609
U.S. Trust Corporationanti-money-laundering deficiencies2001NY-DFS$5,000,000
Banc of America Capital Management LLC et al.investor protection violation2004NY-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $375,000,000
Bank of America Merrill Lynchinvestor protection violation2018NY-AG$42,000,000
Countrywide Home Loans, Inc.,consumer protection violation2006NY-AG$3,200,000
FleetBoston Financial Corp.investor protection violation2004NY-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $300,000,000
FleetBoston Financial Corporationprivacy violation2001NY-AG$100,000
Merrill Lynchinvestor protection violation2002NY-AG$100,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedtoxic securities abuses2021NM-AG$4,642,857
Bank of America, National Associationlabor relations violation2013NLRB$18,634
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.