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Top 5 Offense Groups (Groups Defined)	Penalty Total	Number of Records
consumer-protection-related offenses	$44,239,859,042	77
financial offenses	$41,308,842,096	154
employment-related offenses	$885,823,768	63
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	$13,777,013,962	117
consumer protection violation	$4,244,482,302	42
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.

Company	Primary Offense Type .	Year	Agency	Penalty Amount
Merrill Lynch, Pierce, Fenner & Smith	investor protection violation	2005	FINRA	$14,000,000
Banc of America Investment Services, Inc.	investor protection violation	2005	FINRA	$90,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2004	FINRA	$1,600,000
Banc of America Investment Services Inc.	investor protection violation	2004	FINRA	$200,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	investor protection violation	2004	FINRA	$250,000
Merrill Lynch, Pierce, Fenner & Smith Inc.	investor protection violation	2004	FINRA	$109,527
Banc of America Securities LLC	investor protection violation	2001	FINRA	$40,000
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
Bank of America	investor protection violation	2022	CFTC	$100,000,000
BofA Securities, Inc.	investor protection violation	2022	FINRA	$5,000,000
BofA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.	investor protection violation	2022	SEC	$125,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	investor protection violation	2023	SEC	$9,660,000
Bank of America, N.A.	investor protection violation	2023	CFTC	$8,000,000
Merrill Lynch Life Insurance Company	insurance violation	2000	SC-INS	$5,000
Banc of America Securities LLC	fraud	2007	SEC	$26,000,000
Bank of America	fraud	2016	DC-AG	$13,000,000
Bank of America	fraud	2010	DC-AG	$13,502,852
Bank of America	Family and Medical Leave Act	2008	WHD	$6,500
Bank of America	Family and Medical Leave Act	2017	WHD	$14,528
Bank of America	False Claims Act and related	2001	AK-AG	$35,600,000
Bank of America	export control violation	2017	BIS	$44,625
MBNA	environmental violation	2002	DE-ENV	$225,000
Fleet National Bank	environmental violation	2000	RI-ENV	$18,034
Bank Of America NA	environmental violation	2005	TX-ENV	$12,480
Bank of America, National Association	environmental violation	2013	VA-ENV	$27,625
Bank of America	environmental violation	2007	CA-SCAQMD	$46,000
Countrywide Home Loans	environmental violation	2000	CA-SCAQMD	$5,000
Bank of America Corp	employment discrimination	2013	OFCCP	$2,181,593
Bank of America	employment discrimination	2014	EEOC	$110,000
Bank of America	employment discrimination	2016	EEOC	$30,000
Merrill Lynch	employment discrimination	2008	EEOC	$1,550,000
Bank of America	employment discrimination	2017	OFCCP	$1,000,000
Merrill Lynch	employment discrimination	2013	private lawsuit-federal	$38,225,000
Merrill Lynch	employment discrimination	2013	private lawsuit-federal	$160,000,000
Banc of America Investment Services	employment discrimination	2009	private lawsuit-federal	$7,200,000
Bank of America	employment discrimination	2019	OFCCP	$4,200,000
Bank of America N.A.	economic sanction violation	2014	OFAC	$16,562,700
Bank of America	economic sanction violation	2004	OFAC	$13,573
Merrill Lynch, Pierce, Fenner & Smith, Inc	economic sanction violation	2004	OFAC	$22,904
Bank of America	economic sanction violation	2003	OFAC	$158,038
Bank of America	discriminatory practices (non-employment)	2013	HUD	$45,000
Bank of America	discriminatory practices (non-employment)	2013	HUD	$22,449
Bank of America	discriminatory practices (non-employment)	2013	HUD	$7,500
Bank of America	discriminatory practices (non-employment)	2012	HUD	$161,180
Bank of America	discriminatory practices (non-employment)	2006	MA-AG	$50,000
Bank of America, NA	discriminatory practices (non-employment)	2005	private lawsuit-federal	$3,670,000
Bank of America, N.A.	discriminatory practices (non-employment)	2022	HUD	$15,000
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLC	data submission deficiencies	2007	CFTC	$500,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LP	consumer protection violation	2010	FTC	$108,000,000
Bank of America, N.A.	consumer protection violation	2014	CFPB	$747,000,000
Bank of America	consumer protection violation	2014	HI-AG	$2,825,000
Bank of America Corp.	consumer protection violation	2013	WV-AG	$1,950,000
Countrywide Home Loans, Inc.,	consumer protection violation	2006	NY-AG	$3,200,000
Bank of America, N.A.	consumer protection violation	2017	CA-MULTI	$1,940,000
Countrywide Home Loans, Inc.	consumer protection violation	2010	IL-BKG	$54,000
Countrywide Home Loans Inc.	consumer protection violation	2008	NC-BKG	$1,611,500
Countrywide Home Loans Inc.	consumer protection violation	2010	WA-FIN	$650,000
Bank of America	consumer protection violation	2022	CFPB	$10,000,000
Bank of America	consumer protection violation	2013	private lawsuit-federal	$20,000,000
Bank of America et al.	consumer protection violation	2020	private lawsuit-federal	$252,500,000
Bank of America N.A.	consumer protection violation	2022	private lawsuit-federal	$1,200,000
Bank of America N.A.	consumer protection violation	2022	private lawsuit-federal	$75,000,000
Bank of America N.A.	consumer protection violation	2021	private lawsuit-federal	$5,950,000
Bank of America N.A.	consumer protection violation	2020	private lawsuit-federal	$35,000,000
Bank of America N.A.	consumer protection violation	2020	private lawsuit-federal	$4,950,000
Bank of America N.A.	consumer protection violation	2018	private lawsuit-federal	$1,266,600,000
Bank of America N.A.	consumer protection violation	2018	private lawsuit-federal	$41,920,374
Bank of America N.A.	consumer protection violation	2017	private lawsuit-federal	$29,000,000
Bank of America N.A.	consumer protection violation	2016	private lawsuit-federal	$3,000,000
Bank of America N.A.	consumer protection violation	2015	private lawsuit-federal	$34,500,000
Bank of America N.A.	consumer protection violation	2014	private lawsuit-federal	$228,000,000
Bank of America N.A.	consumer protection violation	2014	private lawsuit-federal	$31,000,000
Bank of America N.A.	consumer protection violation	2014	private lawsuit-federal	$8,250,000
Bank of America N.A.	consumer protection violation	2013	private lawsuit-federal	$100,000,000
Bank of America N.A.	consumer protection violation	2013	private lawsuit-federal	$19,610,000
Bank of America N.A.	consumer protection violation	2011	private lawsuit-federal	$410,000,000
Bank of America, N.A.	consumer protection violation	2019	private lawsuit-federal	$22,000,000
Bank of America, N.A.	consumer protection violation	2018	private lawsuit-federal	$550,000
Bank of America, N.A.	consumer protection violation	2016	private lawsuit-federal	$27,500,000
Bank of America, N.A.	consumer protection violation	2014	private lawsuit-federal	$8,000,000
Bank of America, N.A.	consumer protection violation	2011	private lawsuit-federal	$9,950,000
Bank of America, N.A. (USA)	consumer protection violation	2015	private lawsuit-federal	$10,000,000
Countrywide Financial Corporation	consumer protection violation	2013	private lawsuit-federal	$500,000,000
Countrywide Financial Corporation	consumer protection violation	2011	private lawsuit-federal	$34,000,000
MBNA Corp.	consumer protection violation	2001	private lawsuit-federal	$8,700,000
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
Bank of America	consumer protection violation	2023	CFPB	$90,000,000
Bank of America N.A.	consumer protection violation	2023	OCC	$60,000,000
Bank of America N.A.	consumer protection violation	2023	private lawsuit-federal	$8,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.	benefit plan administrator violation	2011	EBSA	$170,854
FleetBoston Financial Corp	benefit plan administrator violation	2008	private lawsuit-federal	$83,401,000
Bank of America Corp	benefit plan administrator violation	2011	private lawsuit-federal	$21,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	benefit plan administrator violation	2017	private lawsuit-federal	$25,000,000
Merrill Lynch	benefit plan administrator violation	2012	private lawsuit-federal	$10,000,000
Merrill Lynch & Co., Inc.	benefit plan administrator violation	2009	private lawsuit-federal	$75,000,000
Countrywide Financial Corporation	benefit plan administrator violation	2009	private lawsuit-federal	$55,000,000
LaSalle Bank	benefit plan administrator violation	2011	private lawsuit-federal	$13,500,000