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Violation Tracker Industry Summary Page

Industry: financial services
Penalty Total since 2000: $387,559,149,282
Number of Records: 7,719
Note: The totals include only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. The totals are adjusted to account for the fact that each parent's entries 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. They 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 individual records list below.
Top 10 Current Parent CompaniesTotal Penalty $Number of Records
Bank of America$87,286,650,890328
JPMorgan Chase$39,340,688,209275
UBS$31,069,299,125179
Wells Fargo$27,616,269,231266
Citigroup$26,945,611,792181
Deutsche Bank$20,011,467,56399
Goldman Sachs$17,729,358,987111
NatWest Group PLC$14,370,701,61843
Morgan Stanley$10,780,502,443203
BNP Paribas$10,363,464,66623

Individual Penalty Records:

Click on the company or penalty amount for more information on each case. Click on the parent name to reach the summary page for that parent company.

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CompanyCurrent ParentPrimary Offense TypeYearAgency sort iconPenalty Amount
Knight Financial Products, LLCVirtu Financialinvestor protection violation2009SEC$2,040,000
RBC Capital Markets CorporationRoyal Bank of Canadainvestor protection violation2009SEC$125,000
Oppenheimer & Co. IncOppenheimer Holdingsinvestor protection violation2009SEC$850,000
SG Americas Securities, LLCSociete Generaleinvestor protection violation2009SEC$8,384,932
Ferris, Baker Watts, Inc.Royal Bank of Canadainvestor protection violation2009SEC$800,656
Gabelli Funds, LLCGamco Investors Inc.investor protection violation2009SEC$450,000
Massachusetts Financial Services CompanySun Life Financialinvestor protection violation2018SEC$1,900,000
Citibank N.A.Citigroupinvestor protection violation2018SEC$38,700,000
Credit Suisse Securities (USA) LLCUBSinvestor protection violation2018SEC$5,000,000
LendingClub Asset Management LLCLendingClub Corp.investor protection violation2018SEC$5,000,000
Voya Financial Advisors Inc.Voya Financialinvestor protection violation2018SEC$1,000,000
SG Americas Securities LLC (Societe Generale)Societe Generaleinvestor protection violation2018SEC$800,000
Citigroup Global Markets Inc.Citigroupinvestor protection violation2018SEC$12,937,475
Convergex Execution Solutions LLCToronto-Dominion Bankdata submission deficiencies2018SEC$2,750,000
Cadaret, Grant & Co. Inc.Atria Wealth Solutionsinvestor protection violation2018SEC$513,194
Putnam Investment Management, LLCFranklin Resourcesinvestor protection violation2018SEC$1,000,000
TD Ameritrade, Inc.Charles Schwab Corp.investor protection violation2018SEC$500,000
Heartland Payment Systems, LLCGlobal Payments Inc.investor protection violation2018SEC$2,160,000
BB&T Securities, LLCTruist Financialinvestor protection violation2018SEC$100,000
LPL Financial CorporationLPL Financialinvestor protection violation2008SEC$275,000
E*Trade Clearing LLCMorgan Stanleyinvestor protection violation2008SEC$500,000
Gabelli Funds LLCGamco Investors Inc.investor protection violation2008SEC$16,000,000
JPMorgan Chase & Co.JPMorgan Chaseinvestor protection violation2008SEC$1,998,143
Morgan Stanley & Co. IncorporatedMorgan Stanleyinvestor protection violation2007SEC$17,000,000
Morgan Stanley & Co. IncorporatedMorgan Stanleyinvestor protection violation2007SEC$7,500,000
Smith Barney Fund Management LLCMorgan Stanleyinvestor protection violation2007SEC$450,000
Putnam Investment Management, LLCFranklin Resourcesinvestor protection violation2007SEC$350,000
AllianceBernstein, L.P.Equitable Holdingsinvestor protection violation2007SEC$450,000
John Hancock Investment Management Services, LLCManulife Financialinvestor protection violation2007SEC$19,787,879
Citigroup Global Markets, Inc.Citigroupinvestor protection violation2007SEC$200,000
Deutsche Bank Trust Company AmericasDeutsche Bankinvestor protection violation2007SEC$750,000
The Bank Of New YorkBank of New York Melloninvestor protection violation2007SEC$750,000
Wilmington Trust CompanyM&T Bankinvestor protection violation2007SEC$100,000
Deutsche Bank Securities, Inc.Deutsche Bankinvestor protection violation2006SEC$442,954
Deutsche Asset Management, Inc. and Deutsche Investment Management Americas, Inc.Deutsche Bankinvestor protection violation2006SEC$17,200,000
Strong Capital Management, Inc.Wells Fargoinvestor protection violation2006SEC$2,185,927
Deutsche Investment Management Americas, Inc. et al.Deutsche Bankinvestor protection violation2006SEC$19,329,729
Waddell & Reed, Inc.Macquarieinvestor protection violation2006SEC$50,000,000
Metropolitan Life Insurance CompanyMetLifeinvestor protection violation2006SEC$250,000
New England Securities Corp.MetLifeinvestor protection violation2006SEC$2,614,865
Morgan Keegan & Co., Inc.Raymond James Financialinvestor protection violation2006SEC$558,806
CIBC World Markets CorporationCanadian Imperial Bank of Commerceinvestor protection violation2005SEC$496,598
State Street Research & Management CompanyBlackRockinvestor protection violation2005SEC$585,743
Legg Mason Wood Walker, IncorporatedFranklin Resourcesinvestor protection violation2005SEC$1,000,000
U.S. Bank National AssociationU.S. Bancorpinvestor protection violation2005SEC$500,000
Prudential Equity Group, LLCPrudential Financialinvestor protection violation2005SEC$125,000
UBS Securities LLCUBSinvestor protection violation2005SEC$700,000
Banc of America Investment Services, Inc., and Bacap Distributors, LLCBank of Americainvestor protection violation2005SEC$1,500,000
Credit Suisse First Boston, LLCUBSinvestor protection violation2005SEC$200,000
Fiserv Securities, Inc.Fidelity Investmentsinvestor protection violation2005SEC$15,000,000
Putnam Investment Management, LLCFranklin Resourcesinvestor protection violation2005SEC$40,000,001
J.P. Morgan Securities Inc.JPMorgan Chaseinvestor protection violation2005SEC$700,000
Donaldson, Lufkin & Jenrette Securities Corp.UBSinvestor protection violation2004SEC$1,000,000
Goldman Sachs & Co.Goldman Sachsinvestor protection violation2004SEC$2,000,000
Brut, LLCNasdaq Inc.investor protection violation2003SEC$45,000
Spear, Leeds & Kellogg, L.P.Goldman Sachsinvestor protection violation2003SEC$450,000
U.S. Bancorp Piper Jaffray Inc.Piper Sandlerinvestor protection violation2002SEC$100,000
Dean Witter Reynolds Inc.Morgan Stanleyinvestor protection violation2002SEC$500,000
RBC Dain Rauscher IncorporatedRoyal Bank of Canadainvestor protection violation2002SEC$500,000
Knight Securities, L.P.Virtu Financialinvestor protection violation2002SEC$75,000
Josephthal & Co., Inc.Oppenheimer Holdingsinvestor protection violation2002SEC$75,000
Norwest Investment Services, Inc.Wells Fargoinvestor protection violation2002SEC$153,245
Western Asset Management Co.Franklin Resourcesinvestor protection violation2001SEC$50,000
Legg Mason Fund Adviser, Inc.Franklin Resourcesinvestor protection violation2001SEC$50,000
ABN AMRO IncorporatedABN AMROinvestor protection violation2001SEC$200,000
Legg Mason Wood Walker, IncorporatedFranklin Resourcesinvestor protection violation2001SEC$50,000
Prudential Securities IncorporatedWells Fargoinvestor protection violation2001SEC$800,000
First Union Securities, Inc.Wells Fargoinvestor protection violation2000SEC$408,931
Dean Witter Reynolds Inc.Morgan Stanleyinvestor protection violation2000SEC$476,702
Fahnestock & Co., Inc.Oppenheimer Holdingsinvestor protection violation2000SEC$20,000
Janney Montgomery Scott LLCPenn Mutualinvestor protection violation2000SEC$100,000
Dreyfus CorporationBank of New York Melloninvestor protection violation2000SEC$950,000
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBank of Americainvestor protection violation2019SEC$8,014,000
Wells Fargo SecuritiesWells Fargoinvestor protection violation2019SEC$812,500
Wedbush Securities Inc.Wedbush Securitiesinvestor protection violation2019SEC$250,000
BB&T SecuritiesTruist Financialinvestor protection violation2019SEC$5,709,753
JPMorgan Chase Bank N.A.JPMorgan Chaseinvestor protection violation2018SEC$135,100,000
Bank of New York MellonBank of New York Melloninvestor protection violation2018SEC$54,000,000
MUFG Securities Americas Inc.U.S. Bancorpinvestor protection violation2018SEC$1,400,000
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLCWells Fargoinvestor protection violation2019SEC$17,363,847
RBC Capital Markets, LLCRoyal Bank of Canadainvestor protection violation2019SEC$11,715,395
Deutsche Bank Securities Inc.Deutsche Bankinvestor protection violation2019SEC$2,971,462
First Republic Investment Management, Inc.JPMorgan Chaseinvestor protection violation2019SEC$1,005,194
Stifel and Nicolaus & Company, IncorporatedStifel Financialinvestor protection violation2019SEC$6,037,175
Janney Montgomery Scott LLCPenn Mutualinvestor protection violation2019SEC$241,227
Sorrento Pacific Financial, LLCAtria Wealth Solutionsinvestor protection violation2019SEC$49,162
CUSO Financial Services, L.P.Atria Wealth Solutionsinvestor protection violation2019SEC$296,750
AXA Advisors, LLCEquitable Holdingsinvestor protection violation2019SEC$1,134,152
BB&T Securities, LLCTruist Financialinvestor protection violation2019SEC$376,059
Next Financial Group, Inc.Atria Wealth Solutionsinvestor protection violation2019SEC$1,405,349
Bok Financial Securities, Inc.BOK Financialinvestor protection violation2019SEC$197,801
Ameritas Investment Corp.Ameritas Mutual Holding Companyinvestor protection violation2019SEC$3,389,174
Principal Securities, Inc.Principal Financialinvestor protection violation2019SEC$1,764,624
Transamerica Financial Advisors, Inc.Aegoninvestor protection violation2019SEC$6,023,072
Comerica Securities, Inc.Comericainvestor protection violation2019SEC$186,377
Santander Securities LLCBanco Santanderinvestor protection violation2019SEC$270,539
Oppenheimer & Co. Inc. and Oppenheimer Asset Management Inc.Oppenheimer Holdingsinvestor protection violation2019SEC$3,528,377
LPL Financial LLCLPL Financialinvestor protection violation2019SEC$9,333,516
TIAA-CREF Individual & Institutional Services, LLCTIAAinvestor protection violation2019SEC$2,395,722
Raymond James Financial Services Advisors, Inc.Raymond James Financialinvestor protection violation2019SEC$6,877,048
ProEquities, Inc.Dai-ichi Lifeinvestor protection violation2019SEC$1,852,383
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.