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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: $87,248,751,230
Number of records: 324
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,239,859,04277
financial offenses$41,308,842,096154
employment-related offenses$885,823,76863
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$13,777,013,962117
consumer protection violation$4,244,482,30242
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 TypeYearAgency sort icon . Penalty Amount
Banc of America Securities LLCinvestor protection violation2010NJ-AG$1,268,393
Merrill Lynchinvestor protection violation2010NJ-AG$4,871,620
Merrill Lynch & Co.investor protection violation2013NJ-AG$45,000,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2005NJ-AG$10,000,000
Merrill, Lynch, Pierce, Fenner and Smith, Inc.investor protection violation2010NJ-AG$728,260
Merrill Lynchinvestor protection violation2002NH-BSR$500,000
Merrill Lynchprivacy violation2014NH-BSR$400,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020NH-BSR$26,250,000
Merrill Lynch, Pierce, Fenner and Smith Inc.privacy violation2023NH-BSR$700,000
Bank of Americatoxic securities abuses2013NCUA$165,000,000
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 violation2010MULTI-FIN$26,563,094
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
Banc of America Securities LLCinvestor protection violation2008MULTI-AG$4,550,000,000
Bank of Americainvestor protection violation2012MULTI-AG$2,430,000,000
Bank of Americainvestor protection violation2013MULTI-AG$500,000,000
Bank of Americamortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $2,382,415,075
Bank of Americaprice-fixing or anti-competitive practices2010MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $67,000,000
Bank of America Corporationmortgage abuses2014MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $943,000,000
Countrywide Financial Corporationmortgage abuses2010MULTI-AG$3,004,100,000
Countrywide Home Loansmortgage abuses2008MULTI-AG$8,680,000,000
Merrill Lynch & Co.investor protection violation2008MULTI-AG$3,458,333,333
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, Pierce, Fenner & Smith Inc.investor protection violation2009MO-SEC$20,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013MO-SEC$2,121,579
Bank of America Corp.privacy violation2010MO-AG$195,000
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank Of Americawage and hour violation2011MI-LEO$5,000
Bank Of Americawage and hour violation2010MI-LEO$15,406
Bank Of Americawage and hour violation2010MI-LEO$14,000
Banc of America Investment Services, Inc.investor protection violation2008MD-SEC$10,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2015MA-SEC$2,500,000
Bank of Americamortgage abuses2015MA-AG$675,000
Bank of Americadiscriminatory practices (non-employment)2006MA-AG$50,000
Countrywide Securities Corp.mortgage abuses2013MA-AG$17,300,000
Merrill Lynchtoxic securities abuses2009MA-AG$300,000
Merrill Lynchtoxic securities abuses2008MA-AG$13,700,000
Countrywide Home Loansmortgage abuses2009IN-AG$2,800,000
Banc of America Investment Services, Inc.investor protection violation2006IL-SEC$250,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2007IL-SEC$40,000
Merrill Lynch Pierce Fenner & Smith Inc.investor protection violation2012IL-SEC$25,930,000
Countrywide Home Loans, Inc.consumer protection violation2010IL-BKG$54,000
Bank of Americadiscriminatory practices (non-employment)2013HUD$45,000
Bank of Americadiscriminatory practices (non-employment)2013HUD$22,449
Bank of Americadiscriminatory practices (non-employment)2013HUD$7,500
Bank of Americadiscriminatory practices (non-employment)2012HUD$161,180
Bank of America, N.A.discriminatory practices (non-employment)2022HUD$15,000
Countrywide Financial Corp.mortgage abuses2008HI-DCCA$84,548,000
Bank of Americaconsumer protection violation2014HI-AG$2,825,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LPconsumer protection violation2010FTC$108,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2004FL-OFR$10,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020FINRA$7,200,000
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 Inc.securities issuance or trading violation2018FINRA$5,990,530
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2017FINRA$1,400,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2016FINRA$7,030,000
Merrill Lynch, Pierce, Fenner and Smith Inc.investor protection violation2016FINRA$2,800,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016FINRA$5,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2014FINRA$2,440,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2014FINRA$4,000,000
Merrill Lynchinvestor protection violation2014FINRA$6,000,000
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 Incorporatedinvestor protection violation2013FINRA$2,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2013FINRA$1,373,000
Merrill Lynchinvestor protection violation2012FINRA$1,074,200
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2012FINRA$500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2012FINRA$2,800,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2012FINRA$1,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2011FINRA$1,000,000
Merrill Lynchinvestor protection violation2011FINRA$3,000,000
Merrill Lynchinvestor protection violation2010FINRA$2,500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2009FINRA$150,000
Merrill Lynchinvestor protection violation2008FINRA$250,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2008FINRA$200,000
Banc of America Investment Services Inc.anti-money-laundering deficiencies2007FINRA$3,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2006FINRA$5,000,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2005FINRA$14,000,000
Banc of America Investment Services, Inc.investor protection violation2005FINRA$90,000
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
Banc of America Securities LLCinvestor protection violation2001FINRA$40,000
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
BofA Securities, Inc.investor protection violation2022FINRA$5,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.anti-money-laundering deficiencies2023FINRA$6,000,000
Bank of America Corporationtoxic securities abuses2014FHFA$9,300,000,000
Bank of Americatoxic securities abuses2013FHFA$404,000,000
Bank of Americatoxic securities abuses2011FHFA$1,300,000,000
Bank of Americatoxic securities abuses2011FHFA$1,520,000,000
Bank of Americatoxic securities abuses2013FHFA$10,350,000,000
BANK OF AMERICA CORPORATIONbanking violation2015FED$205,000,000
Bank of America Corporationbanking violation2012FED$175,500,000
U.S. Trust Corporationbanking violation2001FED$5,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.