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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: $87,286,650,890
Number of records: 328
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
| consumer-protection-related offenses | $44,251,859,042 | 78 |
| financial offenses | $41,332,842,096 | 155 |
| employment-related offenses | $887,723,428 | 65 |
| competition-related offenses | $777,780,585 | 20 |
| government-contracting-related offenses | $35,600,000 | 1 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
| mortgage abuses | $39,950,771,706 | 19 |
| toxic securities abuses | $23,208,942,857 | 11 |
| investor protection violation | $13,801,013,962 | 118 |
| consumer protection violation | $4,256,482,302 | 43 |
| banking violation | $4,179,637,532 | 14 |
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.
| Company | Primary Offense Type | Year | Agency  | Penalty Amount |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | investor protection violation | 2023 | SEC | $9,660,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | anti-money-laundering deficiencies | 2023 | SEC | $6,000,000 |
| Bank Of America NA | environmental violation | 2005 | TX-ENV | $12,480 |
| Bank of America | investor protection violation | 2017 | USAO | $2,500,000 |
| Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc. | toxic securities abuses | 2016 | VA-AG | $19,500,000 |
| Bank of America, National Association | environmental violation | 2013 | VA-ENV | $27,625 |
| MERRILL LYNCH PIERCE FENNER & | investor protection violation | 2004 | VA-SEC | $268,723 |
| Merrill Lynch, Pierce, Fenner & Smith, Incorporated | investor protection violation | 2006 | VA-SEC | $75,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Incorporated | investor protection violation | 2006 | VA-SEC | $33,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | investor protection violation | 2016 | VA-SEC | $11,500 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | investor protection violation | 2018 | VT-FIN | $120,000 |
| Merrill Lynch | investor protection violation | 2020 | VT-FIN | $125,000 |
| Countrywide Home Loans Inc. | consumer protection violation | 2010 | WA-FIN | $650,000 |
| Bank of America, NA | wage and hour violation | 2010 | WHD | $5,827 |
| Bank of America, N.A. | wage and hour violation | 2010 | WHD | $18,654 |
| Merrill Lynch & Co., Inc. | wage and hour violation | 2008 | WHD | $516,924 |
| Bank of America | Family and Medical Leave Act | 2008 | WHD | $6,500 |
| Bank of America | wage and hour violation | 2008 | WHD | $6,209 |
| Bank of America Corporation | wage and hour violation | 2006 | WHD | $265,774 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | wage and hour violation | 2006 | WHD | $7,060 |
| Bank of America | wage and hour violation | 2005 | WHD | $12,824 |
| Bank of America Corporation | wage and hour violation | 2004 | WHD | $5,972 |
| Countrywide Financial Corporation | wage and hour violation | 2004 | WHD | $54,453 |
| Bank of America | Family and Medical Leave Act | 2017 | WHD | $14,528 |
| Countrywide Financial Corporation | mortgage abuses | 2009 | WI-AG | $41,100,000 |
| Merrill Lynch Pierce Fenner & Smith Inc. | investor protection violation | 2005 | WI-FIN | $7,000 |
| Bank of America Corp. | consumer protection violation | 2013 | WV-AG | $1,950,000 |
| Countrywide Financial Corporation | mortgage abuses | 2009 | WV-AG | $340,901 |
