Violation Tracker Industry Summary Page

Industry: 
financial services
Penalty Total since 2000: 
$20,847,113,321
Number of Records: 
756
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 Parent CompaniesTotal Penalty $Number of Records
Morgan Stanley$9,755,070,712124
Ocwen Financial$2,546,423,80428
Rabobank$1,220,536,2598
State Street Corp.$1,098,869,17417
Western Union$802,359,50812
Ally Financial$669,319,62315
ING$619,000,0003
TD Ameritrade$473,210,80010
American Express$359,868,54630
Ameriprise Financial$308,951,27248


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 Parent Primary Offense Type Year Agency Penalty Amountsort icon
State Street Corporation State Street Corp. benefit plan administrator violation 2016 private lawsuit-federal $60,000,000
Western Union Western Union anti-money-laundering deficiencies 2018 NY-DFS $60,000,000
Morgan Stanley & Co. LLC Morgan Stanley toxic securities abuses 2016 FDIC $62,950,000
Knight Securities, L.P. Virtu Financial investor protection violation 2004 SEC $66,500,000
American Express American Express consumer protection violation 2013 CFPB $69,100,000
PHH Corp. Ocwen Financial False Claims Act and related 2017 DOJ_CIVIL $74,453,802
Edward D. Jones & Co., L.P. Jones Financial investor protection violation 2004 SEC $75,000,000
State Street Bank and Trust Co. State Street Corp. investor protection violation 2016 MA-AG (*) $75,500,000
Lehman Brothers Inc. Lehman Brothers investor protection violation 2003 SEC $80,000,000
Lehman Brothers Inc. Lehman Brothers investor protection violation 2002 MULTI-AG (*) $80,000,000
State Street Bank and Trust Company State Street Corp. investor protection violation 2019 SEC $88,780,000
Financial Freedom CIT False Claims Act and related 2017 DOJ_CIVIL $89,000,000
State Street Bank And Trust Co. State Street Corp. benefit plan administrator violation 2010 private lawsuit-federal $89,750,000
Sallie Mae Bank SLM Corp. banking violation 2014 FDIC $93,300,000
Western Union Financial Services, Inc. Western Union anti-money-laundering deficiencies 2010 MULTI-AG $94,000,000
American Express American Express consumer protection violation 2017 CFPB $96,000,000
Ally Financial Inc. and Ally Bank Ally Financial consumer protection violation 2013 CFPB $98,000,000
American Express American Express consumer protection violation 2012 CFPB $99,100,000
Morgan Keegan & Company Raymond James Financial toxic securities abuses 2013 MULTI-FIN (*) $100,000,000
Ambac Financial Group et al. Ambac Financial toxic securities abuses 2013 USAO $101,900,000
Morgan Stanley & Co. Morgan Stanley toxic securities abuses 2010 MA-AG $102,000,000
Ally Financial Ally Financial mortgage abuses 2012 MULTI-AG (*) $109,628,425
Student Loan Xpress, Inc. CIT consumer protection violation 2009 MULTI-AG $112,825,000
Charles Schwab Investment Management and Charles Schwab & Co., Inc. Charles Schwab Corp. investor protection violation 2011 SEC $118,000,000
Morgan Stanley & Co. Incorporated Morgan Stanley investor protection violation 2003 SEC $125,000,000
Morgan Stanley Morgan Stanley investor protection violation 2002 MULTI-AG (*) $125,000,000
Ocwen Financial Services Ocwen Financial mortgage abuses 2013 MULTI-AG (*) $127,300,000
Columbia Management Advisors Inc. and Columbia Funds Distributor Inc. Ameriprise Financial investor protection violation 2005 SEC $140,000,000
Morgan Stanley Morgan Stanley investor protection violation 2019 CA-AG $150,000,000
Clearstream Banking SA Deutsche Borse economic sanction violation 2014 OFAC $152,000,000
Morgan Keegan & Company Raymond James Financial toxic securities abuses 2011 SEC $200,000,000
Ally Financial Inc. Ally Financial banking violation 2012 FED $207,000,000
Discover Bank Discover Financial Services consumer protection violation 2012 CFPB $214,000,000
GE Capital Retail Bank, now known as Synchrony Bank Synchrony Financial consumer protection violation 2014 CFPB $225,000,000
Morgan Stanley Morgan Stanley toxic securities abuses 2015 NCUA $225,000,000
Ocwen Loan Servicing, LLC Ocwen Financial mortgage abuses 2017 CA-DBO $225,000,000
Morgan Stanley Morgan Stanley mortgage abuses 2013 FED $227,000,000
Morgan Stanley Morgan Stanley toxic securities abuses 2014 SEC $275,000,000
State Street Bank & Trust Co. State Street Corp. investor protection violation 2010 MA-AG (*) $300,000,000
ING Bank, NV ING economic sanction violation 2012 NY-MANDA (*) $309,500,000
Ally Financial Inc. (formerly GMAC) Ally Financial mortgage abuses 2012 DOJ $309,600,000
State Street Bank and Trust Company State Street Corp. investor protection violation 2010 SEC $313,300,000
Rabobank Rabobank interest rate benchmark manipulation 2013 DOJ_CRIMINAL $325,000,000
Rabobank National Association Rabobank anti-money-laundering deficiencies 2018 DOJ_CRIMINAL $368,701,259
State Street Bank and Trust Company State Street Corp. investor protection violation 2016 SEC $382,400,000
Salomon Smith Barney Inc. Morgan Stanley investor protection violation 2002 MULTI-AG (*) $400,000,000
TD Ameritrade, Inc. TD Ameritrade investor protection violation 2009 MULTI-AG $456,000,000
Rabobank Rabobank interest rate benchmark manipulation 2013 CFTC $475,000,000
Morgan Stanley Morgan Stanley toxic securities abuses 2016 NY-AG $550,000,000
Western Union Company Western Union anti-money-laundering deficiencies 2017 DOJ_CRIMINAL $586,000,000
ING Bank N.V. ING economic sanction violation 2012 DOJ_CRIMINAL $619,000,000
ING Bank N.V. ING economic sanction violation 2012 OFAC (*) $619,000,000
Morgan Stanley Morgan Stanley toxic securities abuses 2014 FHFA $1,250,000,000
Ocwen Financial Corporation and Ocwen Loan Servicing Ocwen Financial consumer protection violation 2013 CFPB $2,125,000,000
Morgan Stanley Morgan Stanley toxic securities abuses 2016 DOJ $2,600,000,000
Morgan Stanley Morgan Stanley investor protection violation 2008 MULTI-AG $3,535,000,000
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