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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: $87,299,969,499
Number of records: 332
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,259,859,04279
financial offenses$41,338,642,096158
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$13,806,813,962121
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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Company sort iconPrimary Offense TypeYearAgencyPenalty Amount
U.S. Trust Corporationbanking violation2001FED$5,000,000
U.S. Trust Corporationanti-money-laundering deficiencies2001NY-DFS$5,000,000
Merrill, Lynch, Pierce, Fenner and Smith, Inc.investor protection violation2010NJ-AG$728,260
Merrill Lynch, Pierce, Fenner and Smith Inc.investor protection violation2016FINRA$2,800,000
Merrill Lynch, Pierce, Fenner and Smith Inc.privacy violation2023NH-BSR$700,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2003SEC$200,000,000
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 violation2009SEC$1,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.wage and hour violation2006WHD$7,060
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FL-OFR$10,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016VA-SEC$11,500
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016FINRA$5,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2014FINRA$32,400,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2014FINRA$1,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2012FINRA$2,800,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009FINRA$150,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2008FINRA$200,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FINRA$1,600,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2001FINRA$15,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2000FINRA$97,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2021FINRA$11,650,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2022FINRA$15,200,000
Merrill Lynch, Pierce, Fenner & Smith, Inceconomic sanction violation2004OFAC$22,904
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2015SEC$500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2006SEC$1,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2000SEC$5,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedanti-money-laundering deficiencies2017SEC$13,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedbenefit plan administrator violation2017private lawsuit-federal$25,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019SEC$8,014,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019CFTC$300,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2018VT-FIN$120,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019FINRA$280,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019FINRA$4,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2017FINRA$1,400,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2014FINRA$2,440,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2013FINRA$2,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2004FINRA$250,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedtoxic securities abuses2021NM-AG$4,642,857
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2023SEC$9,660,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedconsumer protection violation2015private lawsuit-federal$10,571,428
Merrill Lynch, Pierce, Fenner & Smith Incorporatedconsumer protection violation2012private lawsuit-federal$11,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedanti-money-laundering deficiencies2023SEC$6,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2009SEC$7,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2018SEC$15,700,000
Merrill Lynch, Pierce, Fenner & Smith Inc.benefit plan administrator violation2011EBSA$170,854
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2006CT-SEC$3,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013DC-DISB$15,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2007IL-SEC$40,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2015MA-SEC$2,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2009MO-SEC$20,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013MO-SEC$2,121,579
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020CT-SEC$400,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020NH-BSR$26,250,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020FINRA$7,200,000
Merrill Lynch, Pierce, Fenner & Smith Inc.securities issuance or trading violation2018FINRA$5,990,530
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2016FINRA$7,030,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2014FINRA$4,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013FINRA$1,373,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2012FINRA$500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2011FINRA$1,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2006FINRA$5,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2004FINRA$109,527
Merrill Lynch, Pierce, Fenner & Smith Inc.anti-money-laundering deficiencies2023FINRA$6,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2024SEC$3,800,000
Merrill Lynch, Pierce, Fenner & Smith Incinvestor protection violation2018SEC$1,404,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$8,900,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$42,000,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2012FINRA$1,000,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2005FINRA$14,000,000
Merrill Lynch, Pierce and Fenner & Smith, Incorporatedinvestor protection violation2020SEC$325,376
Merrill Lynch, Pierce and Fenner & Smith Incorporatedinvestor protection violation2018SEC$8,872,723
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005NJ-AG$10,000,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2012IL-SEC$25,930,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005WI-FIN$7,000
Merrill Lynch Pierce Fenner & Smith Inc.price-fixing or anti-competitive practices2020private lawsuit-federal$20,833,333
MERRILL LYNCH PIERCE FENNER &investor protection violation2004VA-SEC$268,723
Merrill Lynch Life Insurance Companyinsurance violation2000SC-INS$5,000
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLCinvestor protection violation2007CFTC$500,000
Merrill Lynch Commodities, Inc.investor protection violation2019CFTC(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $24,900,000
Merrill Lynch Commodities, Inc.investor protection violation2024CFTC$1,500,000
Merrill Lynch Commodities Inc.price-fixing or anti-competitive practices2019DOJ_CRIMINAL$25,000,000
Merrill Lynch & Pierce, Fenner & Smith Inc.investor protection violation2010AR-SEC$15,000
Merrill Lynch & Co., Inc.wage and hour violation2008WHD$516,924
Merrill Lynch & Co., Inc.benefit plan administrator violation2009private lawsuit-federal$75,000,000
Merrill Lynch & Co. Inc.accounting fraud or deficiencies2003SEC$80,000,000
Merrill Lynch & Co. Inc.investor protection violation2002MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $100,000,000
Merrill Lynch & Co.investor protection violation2008MULTI-AG$3,458,333,333
Merrill Lynch & Co.investor protection violation2013NJ-AG$45,000,000
Merrill Lynchinvestor protection violation2015SEC$10,900,000
Merrill Lynchtoxic securities abuses2013SEC$131,800,000
Merrill Lynchinvestor protection violation2014CFTC$1,200,000
Merrill Lynchinvestor protection violation2011CFTC$350,000
Merrill Lynchinvestor protection violation2016SEC$10,000,000
Merrill Lynchinvestor protection violation2016SEC$415,000,000
Merrill Lynchinvestor protection violation2011SEC$10,000,000
Merrill Lynchinvestor protection violation2016SEC$12,500,000
Merrill Lynchemployment discrimination2008EEOC$1,550,000
Merrill Lynchinvestor protection violation2017CFTC$2,500,000
Merrill Lynchwage and hour violation2016private lawsuit-state$2,645,000
Merrill Lynchwage and hour violation2016private lawsuit-federal$14,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.