Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Current Parent Company Summary

Current Parent Company Name: Bank of Montreal
Ownership Structure: publicly traded (ticker symbol BMO)
Headquartered in: Canada
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000$151,283,637
Number of records: 21
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$104,510,2009
consumer-protection-related offenses$31,400,0003
competition-related offenses$10,000,0001
employment-related offenses$5,373,4378
Top 5 Primary Offense TypesPenalty TotalNumber of Records
investor protection violation$104,026,0006
consumer protection violation$31,400,0003
wage and hour violation$4,639,5334
banking violation$484,2003
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 .
BMO Harris Financial Advisors Inc. and BMO Asset Management Corp.investor protection violation2019SEC$37,980,000
Bank of Montrealinvestor protection violation2023CFTC$35,000,000
BMO Capital Markets Corpinvestor protection violation2023SEC$25,000,000
Bank of the Westconsumer protection violation2012private lawsuit-federal$18,000,000
BMO Harris Bank, N.A.fraud2018USAO$10,000,000
BMO Harrisconsumer protection violation2013private lawsuit-federal$9,400,000
BMO Harrisconsumer protection violation2013private lawsuit-federal$4,000,000
BMO Capital Markets Corporationinvestor protection violation2019SEC$3,946,000
BMO Financialwage and hour violation2015private lawsuit-federal$3,900,000
BMO Capital Markets Corp.investor protection violation2019SEC$1,950,000
BMO Financialwage and hour violation2016private lawsuit-federal$700,000
BMO Harris Bankemployment discrimination2013EEOC$400,000
Bank of the Westbanking violation2021FDIC$281,000
Harris N.A.benefit plan administrator violation2007EBSA$274,600
BMO Capital Markets Corp.investor protection violation2008FINRA$150,000
BANK OF THE WESTbanking violation2011FDIC$135,000
BANK OF THE WESTbanking violation2010FDIC$68,200
Bank of the Westemployment discrimination2011EEOC$48,000
Bank of the Westwage and hour violation2015WHD$33,750
BMO Harris Bank N.A.Family and Medical Leave Act2015WHD$11,304
Bank Of The Westwage and hour violation2020CA-LCO$5,783
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.