Violation Tracker Industry Summary Page

Industry: 
financial services
Penalty Total since 2000: 
$323,889,987,491
Number of Records: 
5,839
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
Bank of America$82,695,676,034210
JPMorgan Chase$34,517,828,993151
Citigroup$25,045,655,764120
Wells Fargo$21,139,073,231172
Deutsche Bank$17,995,700,77855
UBS$16,782,800,91082
Royal Bank of Scotland$13,455,904,00027
Goldman Sachs$13,140,380,98740
BNP Paribas$12,132,332,95016
Credit Suisse$10,409,957,62631


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 Yearsort icon Agency Penalty Amount
Waddell & Reed, Inc. Waddell & Reed Financial Inc. investor protection violation 2005 MT-SEC $25,000
Piper Jaffray & Co. Piper Jaffray investor protection violation 2005 ND-SEC $30,000
Morgan Stanley DW Inc. Morgan Stanley investor protection violation 2005 NH-BSR $435,000
American Express Financial Advisors Inc. Ameriprise Financial investor protection violation 2005 NH-BSR $7,375,000
American International Specialty Lines Insurance Co. American International Group insurance violation 2005 NJ-DBI $13,000
American Security Insurance Co. et al. Assurant insurance violation 2005 NJ-DBI $1,775,000
Seneca Insurance Co. Fairfax Financial Holdings insurance violation 2005 NJ-DBI $72,256
ABN AMRO ABN AMRO economic sanction violation 2005 NY-DFS $20,000,000
United of Omaha Life Insurance Company Mutual of Omaha insurance violation 2005 OR-FIN $25,000
Farmers Insurance Company of Oregon Zurich Insurance insurance violation 2005 OR-FIN $11,000
Great American Insurance Company of New York American Financial Group insurance violation 2005 OR-FIN $5,000
MetLife Securities MetLife investor protection violation 2005 OR-FIN $12,000
Progressive Classic Insurance Company Progressive insurance violation 2005 OR-FIN $8,000
Marsh USA, Inc. Marsh & McLennan insurance violation 2005 OR-FIN $75,000
Combined Insurance Company of America Chubb Limited insurance violation 2005 PA-INS $50,000
Great American Insurance Company American Financial Group insurance violation 2005 PA-INS $150,000
Foremost Insurance Company of Grand Rapids, Michigan Zurich Insurance insurance violation 2005 PA-INS $5,000
Safeco Insurance Company of America Liberty Mutual Insurance insurance violation 2005 PA-INS $5,000
Selective Insurance Company of South Carolina Selective Insurance Group insurance violation 2005 PA-INS $5,000
Selective Way Insurance Company Selective Insurance Group insurance violation 2005 PA-INS $5,000
ALLSTATE LIFE INSURANCE CO. Allstate insurance violation 2005 VA-INS $5,000
LIBERTY MUTUAL INSURANCE CO. ET AL. Liberty Mutual Insurance insurance violation 2005 VA-INS $30,000
CUNA MUTUAL INSURANCE SOCIETY CUNA Mutual insurance violation 2005 VA-INS $40,000
UNITED AMERICAN INSURANCE CO. Globe Life Inc. insurance violation 2005 VA-INS $5,000
CONSECO SENIOR HEALTH INS. CNO Financial insurance violation 2005 VA-INS $7,500
FORETHOUGHT LIFE INSURANCE CO. Global Atlantic Financial Group insurance violation 2005 VA-INS $9,500
AMERICAN HEALTH & LIFE INSURANCE CO OneMain Holdings insurance violation 2005 VA-INS $7,000
St. Paul Fire & Marine Insurance Co. Travelers insurance violation 2005 WI-INS $20,000
Progressive Northern Ins Co. Progressive insurance violation 2005 WI-INS $5,000
Metropolitan Life Insurance Co. MetLife insurance violation 2005 WI-INS $5,000
Hartford Insurance Company of the Midwest Hartford Financial Services insurance violation 2005 WI-INS $9,500
Merrill Lynch Pierce Fenner & Smith Inc. Bank of America investor protection violation 2005 WI-FIN $7,000
Deutsche Bank Securities Inc. Deutsche Bank investor protection violation 2005 MULTI-FIN (*) $28,750,000
Liberty Life Insurance Company of Greenville, S.C. Athene Holding insurance violation 2005 MULTI-FIN $3,075,950
Lincoln National Life Insurance Company Lincoln National insurance violation 2005 MULTI-FIN $264,079
Thomas Weisel Partners LLC Stifel Financial investor protection violation 2005 MULTI-FIN (*) $5,000,000
Waddell & Reed, Inc. Waddell & Reed Financial Inc. investor protection violation 2005 MULTI-FIN $18,000,000
Western and Southern Life Insurance Company Western & Southern Financial Group insurance violation 2005 MULTI-FIN $2,400,000
Vitol S.A., Inc. Vitol environmental violation 2005 EPA $41,600
Canyon Fuel Company LLC Trafigura workplace safety or health violation 2005 MSHA $5,300
Canyon Fuel Company LLC Trafigura workplace safety or health violation 2005 MSHA $7,200
BUSEY BANK First Busey Corp. banking violation 2006 FDIC $5,200
THE RICHLAND TRUST COMPANY Park National Corp. banking violation 2006 FDIC $11,100
Crawford and Company Crawford & Co. False Claims Act and related 2006 DOJ_CIVIL $1,363,204
Prudential Equity Group LLC Prudential Financial investor protection violation 2006 DOJ_CRIMINAL $600,000,000
BankAtlantic Truist Financial anti-money-laundering deficiencies 2006 DOJ_CRIMINAL $10,000,000
Williams Power Company Inc. JPMorgan Chase data submission deficiencies 2006 DOJ_CRIMINAL $50,000,000
American International Group, Inc. American International Group accounting fraud or deficiencies 2006 DOJ_CRIMINAL $25,000,000
ABN AMRO Bank, N.V. ABN AMRO economic sanction violation 2006 OFAC $40,000,000
U.S. Bank National Association U.S. Bancorp banking violation 2006 OCC $125,000
First National Bank of Omaha First National of Nebraska banking violation 2006 OCC $25,000
Seacoast National Bank Seacoast Banking Corporation of Florida banking violation 2006 OCC $16,500
Friedman, Billings, Ramsey & Co., Inc. Arlington Asset Investment Corp. insider trading 2006 SEC $3,755,839
Hartford Financial Services Group, Inc. Hartford Financial Services investor protection violation 2006 SEC $55,000,000
Doral Financial Corporation Doral Financial accounting fraud or deficiencies 2006 SEC $25,000,000
Morgan Stanley & Co. Morgan Stanley investor protection violation 2006 SEC $10,000,000
A.G. Edwards & Sons, Inc. Wells Fargo investor protection violation 2006 SEC $125,000
Banc of America Securities LLC Bank of America investor protection violation 2006 SEC $750,000
Bear, Stearns & Co., Inc. JPMorgan Chase investor protection violation 2006 SEC $1,500,000
Citigroup Global Markets, Inc. Citigroup investor protection violation 2006 SEC $1,500,000
Goldman Sachs & Co. Goldman Sachs investor protection violation 2006 SEC $1,500,000
J.P. Morgan Securities, Inc. JPMorgan Chase investor protection violation 2006 SEC $1,500,000
Lehman Brothers Inc. Lehman Brothers investor protection violation 2006 SEC $1,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated Bank of America investor protection violation 2006 SEC $1,500,000
Morgan Keegan & Company, Inc. Raymond James Financial investor protection violation 2006 SEC $125,000
Morgan Stanley & Co. Incorporated/ Morgan Stanley DW Inc. Morgan Stanley investor protection violation 2006 SEC $1,500,000
Piper Jaffray & Co. Piper Jaffray investor protection violation 2006 SEC $125,000
RBC Dain Rauscher Inc Royal Bank of Canada investor protection violation 2006 SEC $1,500,000
SunTrust Capital Markets Inc. Truist Financial investor protection violation 2006 SEC $125,000
Wachovia Capital Markets, LLC Wells Fargo investor protection violation 2006 SEC $125,000
Federal National Mortgage Association (Fannie Mae) Fannie Mae accounting fraud or deficiencies 2006 SEC $400,000,000
Morgan Stanley & Co. Morgan Stanley data submission deficiencies 2006 SEC $10,000,000
Bear, Stearns & Co., Inc. JPMorgan Chase investor protection violation 2006 SEC $250,000,000
American International Group, Inc. American International Group investor protection violation 2006 SEC $800,000,000
Israel Discount Bank Israel Discount Bank anti-money-laundering deficiencies 2006 FINCEN $12,000,000
CitiMortgage, Inc. Citigroup consumer protection violation 2006 HUD $650,000
Fifth Third Bank Fifth Third Bancorp discriminatory practices (non-employment) 2006 HUD $125,000
ABN AMRO Mortgage Group ABN AMRO mortgage abuses 2006 HUD $41,000,000
FRED ALGER & COMPANY, INCORPORATED Alger Associates benefit plan administrator violation 2006 EBSA $10,001
HORACE MANN SERVICE CORPORATION Horace Mann Educators Corp. benefit plan administrator violation 2006 EBSA $10,001
JPMorgan Chase & Co. JPMorgan Chase employment discrimination 2006 EEOC $2,200,000
Wells Fargo Bank Wells Fargo Family and Medical Leave Act 2006 WHD $5,152
Banco Bilbao Vizcaya Puerto Rico Banco Bilbao Vizcaya Argentaria wage and hour violation 2006 WHD $31,571
U.S. Bancorp U.S. Bancorp wage and hour violation 2006 WHD $140,788
The First American Title Company First American Financial wage and hour violation 2006 WHD $72,363
TIAA - CREF TIAA wage and hour violation 2006 WHD $468,336
HSBC North America Inc HSBC wage and hour violation 2006 WHD $5,357
HSBC North America Inc. HSBC wage and hour violation 2006 WHD $11,489
HSBC North America Inc. HSBC wage and hour violation 2006 WHD $12,685
HSBC North America Inc. HSBC wage and hour violation 2006 WHD $8,273
AXA Equitable Life Insurance Company AXA wage and hour violation 2006 WHD $29,534
HSBC Bank HSBC wage and hour violation 2006 WHD $7,599
Bank of America Corporation Bank of America wage and hour violation 2006 WHD $265,774
Mercer HR Services, LLC Marsh & McLennan wage and hour violation 2006 WHD $49,474
SunTrust Bank, Inc. Truist Financial wage and hour violation 2006 WHD $350,875
Allied Home Mortgage Capital Corporation Americus Mortgage wage and hour violation 2006 WHD $14,479
Allied Home Mortgage Capital Corporation Americus Mortgage wage and hour violation 2006 WHD $1,800,282
Allied Home Mortgage Capital Corporation Americus Mortgage wage and hour violation 2006 WHD $30,928
Merrill Lynch, Pierce, Fenner & Smith, Inc. Bank of America wage and hour violation 2006 WHD $7,060
Atlantic Credit and Finance, Inc. Encore Capital Group wage and hour violation 2006 WHD $9,422
Brothers Property Corporation American Financial Group wage and hour violation 2006 WHD $29,273
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