Violation Tracker

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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 Companies	Total Penalty $	Number of Records
Bank of America	$87,286,650,890	328
JPMorgan Chase	$39,340,688,209	275
UBS	$31,069,299,125	179
Wells Fargo	$27,616,269,231	266
Citigroup	$26,945,611,792	181
Deutsche Bank	$20,011,467,563	99
Goldman Sachs	$17,729,358,987	111
NatWest Group PLC	$14,370,701,618	43
Morgan Stanley	$10,780,502,443	203
BNP Paribas	$10,363,464,666	23

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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Company	Current Parent	Primary Offense Type	Year	Agency	Penalty Amount
Morgan Stanley	Morgan Stanley	wage and hour violation	2006	private lawsuit-federal	$42,500,000
Bank of America	Bank of America	wage and hour violation	2006	private lawsuit-federal	$9,000,000
Merrill Lynch	Bank of America	wage and hour violation	2006	private lawsuit-federal	$37,000,000
Deutsche Bank Securities, Inc.	Deutsche Bank	investor protection violation	2006	SEC	$442,954
Deutsche Asset Management, Inc. and Deutsche Investment Management Americas, Inc.	Deutsche Bank	investor protection violation	2006	SEC	$17,200,000
Strong Capital Management, Inc.	Wells Fargo	investor protection violation	2006	SEC	$2,185,927
Deutsche Investment Management Americas, Inc. et al.	Deutsche Bank	investor protection violation	2006	SEC	$19,329,729
Waddell & Reed, Inc.	Macquarie	investor protection violation	2006	SEC	$50,000,000
Metropolitan Life Insurance Company	MetLife	investor protection violation	2006	SEC	$250,000
New England Securities Corp.	MetLife	investor protection violation	2006	SEC	$2,614,865
Morgan Keegan & Co., Inc.	Raymond James Financial	investor protection violation	2006	SEC	$558,806
Cincinnati Insurance Company	Cincinnati Financial	employment discrimination	2006	private lawsuit-federal	$537,500
Northern Trust	Northern Trust	benefit plan administrator violation	2006	private lawsuit-federal	$37,500,000
UBS Global Asset Management	UBS	benefit plan administrator violation	2006	private lawsuit-federal	$5,493,000
Nationwide Mutual Insurance Company	Nationwide	Fair Credit Reporting Act violation	2006	private lawsuit-federal	$19,250,000
ACE, Ltd	Chubb Limited	price-fixing or anti-competitive practices	2006	MULTI-AG	$80,000,000
American Bankers Insurance Co.	Assurant	consumer protection violation	2006	MA-AG	$20,000
American International Group	American International Group	price-fixing or anti-competitive practices	2006	NY-AG	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,619,000,000
American International Group, Inc.	American International Group	tax violations	2006	MI-AG	$5,279,484
Ameriquest Mortgage	Citigroup	consumer protection violation	2006	MULTI-AG	$325,000,000
Bank of America	Bank of America	discriminatory practices (non-employment)	2006	MA-AG	$50,000
BB&T Leasing Corporation	Truist Financial	consumer protection violation	2006	MULTI-AG	$6,000,000
Brown & Brown, Inc.	Brown & Brown	consumer protection violation	2006	FL-AG	$5,800,000
Chase Bank	JPMorgan Chase	consumer protection violation	2006	MULTI-AG	$3,850,000
Chubb	Chubb Limited	price-fixing or anti-competitive practices	2006	MULTI-AG	$17,000,000
Countrywide Home Loans, Inc.,	Bank of America	consumer protection violation	2006	NY-AG	$3,200,000
Deutsche Bank AG	Deutsche Bank	investor protection violation	2006	NY-AG	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $208,000,000
GE Capital Corp.	Synchrony Financial	consumer protection violation	2006	CT-AG	$336,000
ING	Voya Financial	investor protection violation	2006	MULTI-AG	$33,000,000
Metropolitan Life Insurance Company	MetLife	consumer protection violation	2006	NY-AG	$19,000,000
National City Commercial Capital Corporation	PNC Financial Services	consumer protection violation	2006	NY-AG	$817,700
PayPal, Inc.	PayPal Holdings	consumer protection violation	2006	MULTI-AG	$1,700,000
Prudential Equity Group	Prudential Financial	investor protection violation	2006	MULTI-AG	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $270,000,000
Prudential Equity Group	Prudential Financial	investor protection violation	2006	NY-AG	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $270,000,000
St. Paul Travelers	Travelers	price-fixing or anti-competitive practices	2006	MULTI-AG	$77,000,000
The Hartford Financial Services Group	Hartford Financial Services	investor protection violation	2006	MULTI-AG	$20,000,000
UBS Financial Services Inc.	UBS	investor protection violation	2006	NJ-AG	$24,750,000
UnumProvident Corporation	Unum	consumer protection violation	2006	NY-AG	$17,400,000
Wachovia Capital Markets LLC	Wells Fargo	investor protection violation	2006	MULTI-AG	$25,000,000
Waddell & Reed, Inc.	Macquarie	investor protection violation	2006	NY-AG	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $75,000,000
Zurich American Insurance Company	Zurich Insurance	price-fixing or anti-competitive practices	2006	MULTI-AG	$171,700,000
Zurich American Insurance Company	Zurich Insurance	price-fixing or anti-competitive practices	2006	OH-AG	$7,000,000
Mellon Bank N.A.	Bank of New York Mellon	False Claims Act and related	2006	USAO	$18,130,405
Bank of America Corp.	Bank of America	anti-money-laundering deficiencies	2006	NY-MANDA	$7,500,000
Zenith Insurance Co.	Fairfax Financial Holdings	employment discrimination	2006	EEOC	$180,000
Morgan Stanley DW Inc.	Morgan Stanley	investor protection violation	2006	NY-AG	$1,040,964
Seabury & Smith, Inc.	Marsh & McLennan	insurance violation	2006	AK-INS	$6,530
Titan Insurance Co.	Nationwide	insurance violation	2006	AZ-DIFI	$40,000
Ameriprise Financial Services, Inc.	Ameriprise Financial	investor protection violation	2006	AZ-CC	$1,250,000
Farmers Insurance Exchange et al.	Farmers Insurance Exchange	insurance violation	2006	CA-INS	$1,000,000
Mercury Insurance Co.	Mercury General Corporation	insurance violation	2006	CA-INS	$9,000
Zurich American Insurance Co.	Zurich Insurance	insurance violation	2006	CA-INS	$15,000
Commonwealth Land Title Insurance Co. et al.	Fidelity National Financial	insurance violation	2006	CA-INS	$4,499,997
Amex Assurance Co.	American Express	insurance violation	2006	CA-INS	$170,000
Workmen's Auto Insurance Co.	Mercury General Corporation	insurance violation	2006	CA-INS	$100,000
Mercury Insurance Group	Mercury General Corporation	insurance violation	2006	CA-INS	$300,000
The Prudential Insurance Company of America	Prudential Financial	insurance violation	2006	CA-INS	$700,000
UnumProvident Corp. et al.	Unum	insurance violation	2006	CA-INS	$700,000
Hartford Fire Insurance Co. et al.	Hartford Financial Services	insurance violation	2006	CA-INS	$125,000
Old Republic Insurance Co.	Old Republic International	insurance violation	2006	CO-INS	$6,000
Unitrin Auto and Home Insurance Co.	Kemper	insurance violation	2006	CO-INS	$7,500
American Family Mutual Insurance Co.	American Family Insurance	insurance violation	2006	CO-INS	$6,000
Farmers Insurance Exchange and Truck Insurance Exchange and Mid-Century Insurance Co.	Farmers Insurance Exchange	insurance violation	2006	CO-INS	$49,500
New England Life Insurance Co.	Brighthouse Financial	insurance violation	2006	CO-INS	$32,000
Allianz Life Insurance Company of North America	Allianz	insurance violation	2006	CO-INS	$34,800
Thomas Weisel Partners LLC	Stifel Financial	investor protection violation	2006	CT-SEC	$52,480
Merrill Lynch, Pierce, Fenner & Smith Inc.	Bank of America	investor protection violation	2006	CT-SEC	$3,500,000
American General Life and Accident Insurance Co.	American International Group	insurance violation	2006	FL-OFR	$1,568,324
Combined Insurance Company of America	Chubb Limited	insurance violation	2006	FL-OFR	$9,750
Pacific Life & Annuity Co.	Pacific Life	insurance violation	2006	FL-OFR	$38,000
National Union Fire Insurance Company of Pittsburgh, PA	American International Group	insurance violation	2006	FL-OFR	$12,100
Life Investors Insurance Company of America	Aegon	insurance violation	2006	FL-OFR	$53,000
Morgan Stanley DW Inc.	Morgan Stanley	investor protection violation	2006	ID-SEC	$415,000
Banc of America Investment Services, Inc.	Bank of America	investor protection violation	2006	IL-SEC	$250,000
Universal Underwriters Insurance Company	Zurich Insurance	insurance violation	2006	IN-INS	$948,240
Nationwide Agribusiness Insurance Co.	Nationwide	insurance violation	2006	KS-INS	$7,500
Metropolitan Property and Casualty Co.	Zurich Insurance	insurance violation	2006	KS-INS	$5,000
St. Paul Fire & Marine Insurance Co.	Travelers	insurance violation	2006	KS-INS	$5,000
Bankers Life & Casualty Co.	CNO Financial	insurance violation	2006	ME-INS	$7,500
American Family Life Assurance Company of Columbus	Aflac	insurance violation	2006	MN-FIN	$15,000
Stewart Title Guaranty Co.	Stewart Information Services	insurance violation	2006	MN-FIN	$5,000
The Prudential Insurance Company of America	Prudential Financial	insurance violation	2006	MN-FIN	$5,000
MetLife Investors USA Insurance Co. et al.	MetLife	insurance violation	2006	MN-FIN	$250,000
John Hancock Variable Life Insurance Co.	Manulife Financial	insurance violation	2006	MO-INS	$11,040
Waddell & Reed, Inc.	Macquarie	investor protection violation	2006	MO-SEC	$172,161
Stewart Title Guarantee Co.	Stewart Information Services	insurance violation	2006	MO-INS	$75,087
Allstate Insurance Co.	Allstate	insurance violation	2006	MO-INS	$60,000
Allied Property & Casualty Insurance Co. et al.	Nationwide	insurance violation	2006	MO-INS	$65,000
The Prudential Insurance Company of America	Prudential Financial	insurance violation	2006	MO-INS	$7,373
World Group Securities, Inc.	Aegon	investor protection violation	2006	MO-SEC	$228,600
Metropolitan Life Insurance Co.	MetLife	insurance violation	2006	MO-INS	$12,162
MetLife Securities, Inc.	MetLife	investor protection violation	2006	MS-SEC	$50,000
Piper Jaffray & Co.	Piper Sandler	investor protection violation	2006	MT-FIN	$345,000
UBS Financial Services, Inc.	UBS	investor protection violation	2006	MT-FIN	$4,503,166
Piper Jaffray & Co.	Piper Sandler	investor protection violation	2006	ND-SEC	$17,204
Investment Centers of America Inc.	LPL Financial	investor protection violation	2006	ND-SEC	$6,000
Berthel Fisher and Company Financial Services Inc.	Berthel Fisher	investor protection violation	2006	ND-SEC	$8,000
Piper Jaffray & Co.	Piper Sandler	investor protection violation	2006	ND-SEC	$229,000
Pruco Securities, LLC	Prudential Financial	investor protection violation	2006	NE-DBF	$12,500
Eaton Vance Income Fund of Boston	Morgan Stanley	investor protection violation	2006	NE-DBF	$17,000
ING Life Insurance and Annuity Company	Voya Financial	investor protection violation	2006	NH-BSR	$3,000,000