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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 TotalNumber of Records
consumer-protection-related offenses$44,251,859,04278
financial offenses$41,332,842,096155
employment-related offenses$887,723,42865
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$13,801,013,962118
consumer protection violation$4,256,482,30243
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 Type sort iconYearAgencyPenalty Amount
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
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
Bank of Americainvestor protection violation2022CFTC$100,000,000
BofA Securities, Inc.investor protection violation2022FINRA$5,000,000
BofA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2022SEC$125,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2023SEC$9,660,000
Bank of America, N.A.investor protection violation2023CFTC$8,000,000
BofA Securities, Inc.investor protection violation2023FINRA$24,000,000
Bank of America, National Associationlabor relations violation2013NLRB$18,634
Bank of America Corporationmortgage abuses2014DOJ$16,650,000,000
Bank of America Corporationmortgage abuses2012DOJ$10,956,600,000
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LPmortgage abuses2011DOJ_CIVIL$20,000,000
Countrywide Financial Corporationmortgage abuses2011DOJ_RIGHTS$335,000,000
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 Americamortgage abuses2015MA-AG$675,000
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 Corp.mortgage abuses2009CO-AG$6,000,000
Countrywide Financial Corp.mortgage abuses2009RI-AG$1,146,000
Countrywide Financial Corporationmortgage abuses2010MULTI-AG$3,004,100,000
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 abuses2008MULTI-AG$8,680,000,000
Countrywide Home Loansmortgage abuses2009IN-AG$2,800,000
Countrywide Securities Corp.mortgage abuses2013MA-AG$17,300,000
Countrywide Financial Corp.mortgage abuses2008HI-DCCA$84,548,000
Bank of Americaprice-fixing or anti-competitive practices2010DOJ_ANTITRUST$137,300,000
Banc of America Securities LLCprice-fixing or anti-competitive practices2010SEC$36,096,442
Bank of America, N.A.price-fixing or anti-competitive practices2018CFTC$30,000,000
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
Merrill Lynch Commodities Inc.price-fixing or anti-competitive practices2019DOJ_CRIMINAL$25,000,000
Bank of Americaprice-fixing or anti-competitive practices2022private lawsuit-federal$26,420,000
Bank of America N.A.price-fixing or anti-competitive practices2020private lawsuit-federal$5,000,000
Bank of America N.A.price-fixing or anti-competitive practices2020private lawsuit-federal$6,250,000
Bank of America N.A.price-fixing or anti-competitive practices2020private lawsuit-federal$1,500,000
Bank of America N.A.price-fixing or anti-competitive practices2018private lawsuit-federal$187,500,000
Bank of America N.A.price-fixing or anti-competitive practices2018private lawsuit-federal$50,000,000
Bank of America N.A.price-fixing or anti-competitive practices2021private lawsuit-federal$17,000,000
Bank of America N.A.price-fixing or anti-competitive practices2014private lawsuit-federal$20,000,000
Bank of AmericaCorp.price-fixing or anti-competitive practices2016private lawsuit-federal$155,333,333
Bank of America, N.A.price-fixing or anti-competitive practices2022private lawsuit-federal$7,000,000
Merrill Lynch Pierce Fenner & Smith Inc.price-fixing or anti-competitive practices2020private lawsuit-federal$20,833,333
Bank of Americaprivacy violation2009CT-AG$350,000
Bank of America Corp.privacy violation2010MO-AG$195,000
FleetBoston Financial Corporationprivacy violation2001NY-AG$100,000
Merrill Lynchprivacy violation2014NH-BSR$400,000
Bank of America Corporationprivacy violation2014private lawsuit-federal$32,083,905
Countrywide Financial Corp.privacy violation2010private lawsuit-federal$6,500,000
Merrill Lynch, Pierce, Fenner and Smith Inc.privacy violation2023NH-BSR$700,000
Merrill Lynch, Pierce, Fenner & Smith Inc.securities issuance or trading violation2018FINRA$5,990,530
Merrill Lynchtoxic securities abuses2013SEC$131,800,000
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 Americatoxic securities abuses2013NCUA$165,000,000
Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc.toxic securities abuses2016VA-AG$19,500,000
Merrill Lynchtoxic securities abuses2009MA-AG$300,000
Merrill Lynchtoxic securities abuses2008MA-AG$13,700,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedtoxic securities abuses2021NM-AG$4,642,857
Bank of America, NAwage and hour violation2010WHD$5,827
Bank of America, N.A.wage and hour violation2010WHD$18,654
Merrill Lynch & Co., Inc.wage and hour violation2008WHD$516,924
Bank of Americawage and hour violation2008WHD$6,209
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 violation2005WHD$12,824
Bank of America Corporationwage and hour violation2004WHD$5,972
Countrywide Financial Corporationwage and hour violation2004WHD$54,453
Bank of Americawage and hour violation2017private lawsuit-federal$6,000,000
Bank of Americawage and hour violation2017private lawsuit-federal$7,000,000
Bank of Americawage and hour violation2017private lawsuit-federal$1,900,000
Bank of Americawage and hour violation2017private lawsuit-federal$6,600,000
Merrill Lynchwage and hour violation2016private lawsuit-state$2,645,000
Bank of Americawage and hour violation2016private lawsuit-state$4,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$3,250,000
Merrill Lynchwage and hour violation2016private lawsuit-federal$14,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$36,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$2,250,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.