Violation Tracker

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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.

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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	consumer protection violation	2015	private lawsuit-federal	$10,571,428
Merrill Lynch, Pierce, Fenner & Smith Incorporated	consumer protection violation	2012	private lawsuit-federal	$11,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	anti-money-laundering deficiencies	2023	SEC	$6,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc	economic sanction violation	2004	OFAC	$22,904
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2009	SEC	$1,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	wage and hour violation	2006	WHD	$7,060
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2004	FL-OFR	$10,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2016	VA-SEC	$11,500
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2016	FINRA	$5,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2014	FINRA	$32,400,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2014	FINRA	$1,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2012	FINRA	$2,800,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2009	FINRA	$150,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2008	FINRA	$200,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2004	FINRA	$1,600,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2001	FINRA	$15,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2000	FINRA	$97,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2021	FINRA	$11,650,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2022	FINRA	$15,200,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporated	investor protection violation	2003	SEC	$200,000,000
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 and Smith Inc.	investor protection violation	2016	FINRA	$2,800,000
Merrill Lynch, Pierce, Fenner and Smith Inc.	privacy violation	2023	NH-BSR	$700,000
Merrill, Lynch, Pierce, Fenner and Smith, Inc.	investor protection violation	2010	NJ-AG	$728,260
U.S. Trust Corporation	banking violation	2001	FED	$5,000,000
U.S. Trust Corporation	anti-money-laundering deficiencies	2001	NY-DFS	$5,000,000