Violation Tracker Parent Company Summary

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: 
$59,161,904
Number of records: 
9
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$43,876,0003
competition-related offenses$10,000,0001
employment-related offenses$5,285,9045
Top 5 Primary Offense TypesPenalty TotalNumber of Records
investor protection violation$43,876,0003
fraud$10,000,0001
wage and hour violation$4,600,0002
employment discrimination$400,0001
benefit plan administrator violation$274,6001
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.

Associated Names: 

BMO Capital Markets Corporation; BMO FINANCIAL; BMO HARRIS BANK; BMO Harris Bank, N.A.; BMO Harris Financial Advisors Inc. and BMO Asset Management Corp.; HARRIS NA

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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Company Primary Offense Type Year Agency Penalty Amountsort icon
BMO Harris Financial Advisors Inc. and BMO Asset Management Corp. investor protection violation 2019 SEC $37,980,000
BMO Harris Bank, N.A. fraud 2018 USAO $10,000,000
BMO Capital Markets Corporation investor protection violation 2019 SEC $3,946,000
BMO Financial wage and hour violation 2015 private lawsuit-federal $3,900,000
BMO Capital Markets Corp. investor protection violation 2019 SEC $1,950,000
BMO Financial wage and hour violation 2016 private lawsuit-federal $700,000
BMO Harris Bank employment discrimination 2013 EEOC $400,000
Harris N.A. benefit plan administrator violation 2007 EBSA $274,600
BMO Harris Bank N.A. Family and Medical Leave Act 2015 WHD $11,304
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