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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: $87,232,669,824
Number of records: 317
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,231,859,04276
financial offenses$41,300,842,096153
employment-related offenses$884,542,36257
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$13,769,013,962116
consumer protection violation$4,236,482,30241
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 TypeYear sort icon . AgencyPenalty Amount
Merrill, Lynch, Pierce, Fenner and Smith, Inc.investor protection violation2010NJ-AG$728,260
Merrill Lynch & Pierce, Fenner & Smith Inc.investor protection violation2010AR-SEC$15,000
Countrywide Home Loans, Inc.consumer protection violation2010IL-BKG$54,000
Countrywide Home Loans Inc.consumer protection violation2010WA-FIN$650,000
Merrill Lynchinvestor protection violation2010MULTI-FIN$26,563,094
Countrywide Financial Corp.privacy violation2010private lawsuit-federal$6,500,000
Merrill Lynchinvestor protection violation2010FINRA$2,500,000
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 violation2009SEC$150,000
Banc of America Investment Servicesemployment discrimination2009private lawsuit-federal$7,200,000
Merrill Lynch & Co., Inc.benefit plan administrator violation2009private lawsuit-federal$75,000,000
Countrywide Financial Corporationbenefit plan administrator violation2009private lawsuit-federal$55,000,000
MBNA Corp.benefit plan administrator violation2009private lawsuit-federal$4,500,000
Bank of Americaprivacy violation2009CT-AG$350,000
Countrywide Financial Corp.mortgage abuses2009CO-AG$6,000,000
Countrywide Financial Corp.mortgage abuses2009RI-AG$1,146,000
Countrywide Financial Corporationmortgage abuses2009OR-AG$1,000,000
Countrywide Financial Corporationmortgage abuses2009PA-AG$150,000,000
Countrywide Financial Corporationmortgage abuses2009SD-AG$161,805
Countrywide Financial Corporationmortgage abuses2009WI-AG$41,100,000
Countrywide Financial Corporationmortgage abuses2009WV-AG$340,901
Countrywide Home Loansmortgage abuses2009IN-AG$2,800,000
Merrill Lynchinvestor protection violation2009DE-AG$459,000
Merrill Lynchtoxic securities abuses2009MA-AG$300,000
Merrill Lynchinvestor protection violation2009OH-AG$475,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2009MO-SEC$20,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009FINRA$150,000
Banc of America Investment Services, Inc.investor protection violation2008SEC$9,763,634
Merrill Lynchemployment discrimination2008EEOC$1,550,000
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
FleetBoston Financial Corpbenefit plan administrator violation2008private lawsuit-federal$83,401,000
Banc of America Securities LLCinvestor protection violation2008MULTI-AG$4,550,000,000
Countrywide Home Loansmortgage abuses2008MULTI-AG$8,680,000,000
Merrill Lynchtoxic securities abuses2008MA-AG$13,700,000
Merrill Lynch & Co.investor protection violation2008MULTI-AG$3,458,333,333
Countrywide Financial Corp.mortgage abuses2008HI-DCCA$84,548,000
Banc of America Investment Services, Inc.investor protection violation2008MD-SEC$10,000
Countrywide Home Loans Inc.consumer protection violation2008NC-BKG$1,611,500
Bank of Americainvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000
Merrill Lynchinvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $125,000,000
Merrill Lynchinvestor protection violation2008FINRA$250,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2008FINRA$200,000
COUNTRYWIDE FINANCIAL CORPORATION,wage and hour violation2008CA-LCO$5,164
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLCdata submission deficiencies2007CFTC$500,000
Lasalle Bank MidWest National Associationbanking violation2007OCC$125,000
Lasalle Bank National Associationbanking violation2007OCC$79,524
Banc of America Securities LLCfraud2007SEC$26,000,000
Bank of Americawage and hour violation2007private lawsuit-state$2,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2007IL-SEC$40,000
Banc of America Investment Services Inc.anti-money-laundering deficiencies2007FINRA$3,000,000
Bank of Americaenvironmental violation2007CA-SCAQMD$46,000
Banc of America Securities LLCinvestor protection violation2006SEC$750,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2006SEC$1,500,000
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 violation2006private lawsuit-federal$9,000,000
Merrill Lynchwage and hour violation2006private lawsuit-federal$37,000,000
Bank of Americadiscriminatory practices (non-employment)2006MA-AG$50,000
Countrywide Home Loans, Inc.,consumer protection violation2006NY-AG$3,200,000
Bank of America Corp.anti-money-laundering deficiencies2006NY-MANDA$7,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2006CT-SEC$3,500,000
Banc of America Investment Services, Inc.investor protection violation2006IL-SEC$250,000
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 violation2006FINRA$5,000,000
Lasalle Bank MidWest National Associationbanking violation2005OCC$6,250,000
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLCinvestor protection violation2005SEC$375,000,000
Bank of Americawage and hour violation2005WHD$12,824
Countrywide Financialwage and hour violation2005private lawsuit-state$30,000,000
Banc of America Investment Services, Inc., and Bacap Distributors, LLCinvestor protection violation2005SEC$1,500,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005NJ-AG$10,000,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005WI-FIN$7,000
Bank of America, NAdiscriminatory practices (non-employment)2005private lawsuit-federal$3,670,000
Bank Of America NAenvironmental violation2005TX-ENV$12,480
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2005FINRA$14,000,000
Banc of America Investment Services, Inc.investor protection violation2005FINRA$90,000
Bank of Americaeconomic sanction violation2004OFAC$13,573
Merrill Lynch, Pierce, Fenner & Smith, Inceconomic sanction violation2004OFAC$22,904
FleetBoston Financial Corporationinvestor protection violation2004SEC$140,000,000
Banc of America Securities LLCinvestor protection violation2004SEC$10,000,000
Bank of America Corporationwage and hour violation2004WHD$5,972
Countrywide Financial Corporationwage and hour violation2004WHD$54,453
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
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
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FL-OFR$10,000
MERRILL LYNCH PIERCE FENNER &investor protection violation2004VA-SEC$268,723
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FINRA$1,600,000
Banc of America Investment Services Inc.investor protection violation2004FINRA$200,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2004FINRA$250,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2004FINRA$109,527
Bank of Americaeconomic sanction violation2003OFAC$158,038
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2003SEC$200,000,000
Merrill Lynch & Co. Inc.accounting fraud or deficiencies2003SEC$80,000,000
Bank of Americawage and hour violation2003private lawsuit-state$4,100,000
BANK OF AMERICAworkplace safety or health violation2003OSHA$5,000
Merrill Lynchinvestor protection violation2002DE-AG$500,000
Merrill Lynchinvestor protection violation2002NY-AG$100,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.