Basic Search  |  Summaries  |  Advanced Search

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.

Download results as CSV or XML or Save your search (Click here for information on download subscriptions)
CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon
Merrill Lynch Life Insurance Companyinsurance violation2000SC-INS$5,000
Countrywide Home Loansair pollution violation2000CA-SCAQMD$5,000
Bank Of Americawage and hour violation2011MI-LEO$5,000
BANK OF AMERICAworkplace safety or health violation2003OSHA$5,000
COUNTRYWIDE FINANCIAL CORPORATION,wage and hour violation2008CA-LCO$5,164
Bank of America, NAwage and hour violation2010WHD$5,827
Bank of America Corporationwage and hour violation2004WHD$5,972
Bank of Americawage and hour violation2008WHD$6,209
Bank of AmericaFamily and Medical Leave Act2008WHD$6,500
BANK OF AMERICAworkplace safety or health violation2011OSHA$6,600
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005WI-FIN$7,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.wage and hour violation2006WHD$7,060
Bank of Americadiscriminatory practices (non-employment)2013HUD$7,500
BANK OF AMERICA CORPwage and hour violation2022IL-DOL$9,660
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FL-OFR$10,000
Banc of America Investment Services, Inc.investor protection violation2008MD-SEC$10,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016VA-SEC$11,500
Bank Of America NAenvironmental violation2005TX-ENV$12,480
Bank of Americawage and hour violation2005WHD$12,824
Bank of Americaeconomic sanction violation2004OFAC$13,573
Bank Of Americawage and hour violation2010MI-LEO$14,000
Bank of AmericaFamily and Medical Leave Act2017WHD$14,528
Merrill Lynch & Pierce, Fenner & Smith Inc.investor protection violation2010AR-SEC$15,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013DC-DISB$15,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2001FINRA$15,000
Bank of America, N.A.discriminatory practices (non-employment)2022HUD$15,000
Bank Of Americawage and hour violation2010MI-LEO$15,406
Fleet National Bankenvironmental violation2000RI-ENV$18,034
Merrill Lynchwage and hour violation2019NY-DOL$18,609
Bank of America, National Associationlabor relations violation2013NLRB$18,634
Bank of America, N.A.wage and hour violation2010WHD$18,654
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2009MO-SEC$20,000
Bank of Americadiscriminatory practices (non-employment)2013HUD$22,449
Merrill Lynch, Pierce, Fenner & Smith, Inceconomic sanction violation2004OFAC$22,904
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank of America, National Associationenvironmental violation2013VA-ENV$27,625
Bank of Americaemployment discrimination2016EEOC$30,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2006VA-SEC$33,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2007IL-SEC$40,000
Banc of America Securities LLCinvestor protection violation2001FINRA$40,000
Bank of Americaexport control violation2017BIS$44,625
Bank of Americadiscriminatory practices (non-employment)2013HUD$45,000
Bank of Americaair pollution violation2007CA-SCAQMD$46,000
Bank of Americadiscriminatory practices (non-employment)2006MA-AG$50,000
Countrywide Home Loans, Inc.consumer protection violation2010IL-BKG$54,000
Countrywide Financial Corporationwage and hour violation2004WHD$54,453
Merrill Lynch, Pierce, Fenner & Smith, Incorporatedinvestor protection violation2006VA-SEC$75,000
Lasalle Bank National Associationbanking violation2007OCC$79,524
Banc of America Investment Services, Inc.investor protection violation2005FINRA$90,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2000FINRA$97,000
FleetBoston Financial Corporationprivacy violation2001NY-AG$100,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2004FINRA$109,527
Bank of Americaemployment discrimination2014EEOC$110,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2018VT-FIN$120,000
Lasalle Bank MidWest National Associationbanking violation2007OCC$125,000
Merrill Lynchinvestor protection violation2020VT-FIN$125,000
Banc of America Investment Services, Inc.investor protection violation2009SEC$150,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009FINRA$150,000
Bank of Americaeconomic sanction violation2003OFAC$158,038
Bank of Americadiscriminatory practices (non-employment)2012HUD$161,180
Countrywide Financial Corporationmortgage abuses2009SD-AG$161,805
Merrill Lynch, Pierce, Fenner & Smith Inc.benefit plan administrator violation2011EBSA$170,854
Bank of America Corp.privacy violation2010MO-AG$195,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2008FINRA$200,000
Banc of America Investment Services Inc.investor protection violation2004FINRA$200,000
MBNAenvironmental violation2002DE-ENV$225,000
Banc of America Investment Services, Inc.investor protection violation2006IL-SEC$250,000
Merrill Lynchinvestor protection violation2008FINRA$250,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2004FINRA$250,000
Bank of America Corporationwage and hour violation2006WHD$265,774
MERRILL LYNCH PIERCE FENNER &investor protection violation2004VA-SEC$268,723
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019FINRA$280,000
Merrill Lynchtoxic securities abuses2009MA-AG$300,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019CFTC$300,000
Bank of America, N.A.Americans with Disabilities Act2020DOJ_RIGHTS$300,000
Merrill Lynch, Pierce and Fenner & Smith, Incorporatedinvestor protection violation2020SEC$325,376
Countrywide Financial Corporationmortgage abuses2009WV-AG$340,901
Merrill Lynchinvestor protection violation2011CFTC$350,000
Bank of Americaprivacy violation2009CT-AG$350,000
Merrill Lynchprivacy violation2014NH-BSR$400,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020CT-SEC$400,000
Merrill Lynchinvestor protection violation2009DE-AG$459,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2015SEC$500,000
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLCinvestor protection violation2007CFTC$500,000
Merrill Lynchinvestor protection violation2002DE-AG$500,000
Merrill Lynchinvestor protection violation2002NH-BSR$500,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2012FINRA$500,000
Merrill Lynch & Co., Inc.wage and hour violation2008WHD$516,924
Bank of America, N.A.consumer protection violation2018private lawsuit-federal$550,000
Countrywide Home Loans Inc.consumer protection violation2010WA-FIN$650,000
Bank of Americawage and hour violation2010private lawsuit-federal$661,392
Bank of Americamortgage abuses2015MA-AG$675,000
Merrill Lynch, Pierce, Fenner and Smith Inc.privacy violation2023NH-BSR$700,000
Merrill, Lynch, Pierce, Fenner and Smith, Inc.investor protection violation2010NJ-AG$728,260
Banc of America Securities LLCinvestor protection violation2006SEC$750,000
Bank of America Corp.workplace whistleblower retaliation2011OSHA$930,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009SEC$1,000,000
Bank of Americaemployment discrimination2017OFCCP$1,000,000
Countrywide Financial Corporationmortgage abuses2009OR-AG$1,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2014FINRA$1,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.