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Violation Tracker Current Parent Company Summary

Current Parent Company Name: Bank of America
Ownership Structure: publicly traded (ticker symbol NYSE: BAC)
Headquartered in: North Carolina
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000: $87,286,650,890
Number of records: 328
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$44,251,859,04278
financial offenses$41,332,842,096155
employment-related offenses$887,723,42865
competition-related offenses$777,780,58520
government-contracting-related offenses$35,600,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,950,771,70619
toxic securities abuses$23,208,942,85711
investor protection violation$13,801,013,962118
consumer protection violation$4,256,482,30243
banking violation$4,179,637,53214
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.

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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CompanyPrimary Offense TypeYear sort iconAgencyPenalty Amount
Bank of America N.A.economic sanction violation2014OFAC$16,562,700
Bank of Americaemployment discrimination2014EEOC$110,000
Bank of America Corporationinvestor protection violation2014SEC$20,000,000
Merrill Lynchwage and hour violation2014private lawsuit-federal$6,900,000
Bank of Americaconsumer protection violation2014HI-AG$2,825,000
Bank of America Corporationmortgage abuses2014MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $943,000,000
Merrill Lynchprivacy violation2014NH-BSR$400,000
Bank of America Corporationprivacy violation2014private lawsuit-federal$32,083,905
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2014FINRA$2,440,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2014FINRA$4,000,000
Merrill Lynchinvestor protection violation2014FINRA$6,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2014FINRA$32,400,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2014FINRA$1,000,000
Bank of America N.A.price-fixing or anti-competitive practices2014private lawsuit-federal$20,000,000
Bank of America N.A.consumer protection violation2014private lawsuit-federal$228,000,000
Bank of America N.A.consumer protection violation2014private lawsuit-federal$31,000,000
Bank of America N.A.consumer protection violation2014private lawsuit-federal$8,250,000
Bank of America, N.A.consumer protection violation2014private lawsuit-federal$8,000,000
Bank of America, National Associationbanking violation2015OCC$1,104,530
Bank of America, National Associationbanking violation2015OCC$30,000,000
BANK OF AMERICA CORPORATIONbanking violation2015FED$205,000,000
Merrill Lynchinvestor protection violation2015SEC$10,900,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2015SEC$500,000
Bank of Americawage and hour violation2015private lawsuit-federal$9,000,000
Countrywide Home Loans Inc.wage and hour violation2015private lawsuit-federal$9,649,000
Bank of Americamortgage abuses2015MA-AG$675,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2015MA-SEC$2,500,000
Bank of America N.A.consumer protection violation2015private lawsuit-federal$34,500,000
Bank of America, N.A. (USA)consumer protection violation2015private lawsuit-federal$10,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedconsumer protection violation2015private lawsuit-federal$10,571,428
Merrill Lynchinvestor protection violation2016SEC$10,000,000
Merrill Lynchinvestor protection violation2016SEC$415,000,000
Merrill Lynchinvestor protection violation2016SEC$12,500,000
Bank of Americaemployment discrimination2016EEOC$30,000
Merrill Lynchwage and hour violation2016private lawsuit-state$2,645,000
Bank of Americawage and hour violation2016private lawsuit-state$4,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$3,250,000
Merrill Lynchwage and hour violation2016private lawsuit-federal$14,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$36,000,000
Bank of Americawage and hour violation2016private lawsuit-federal$2,250,000
Bank of Americafraud2016DC-AG$13,000,000
Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc.toxic securities abuses2016VA-AG$19,500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016VA-SEC$11,500
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2016FINRA$7,030,000
Merrill Lynch, Pierce, Fenner and Smith Inc.investor protection violation2016FINRA$2,800,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2016FINRA$5,000,000
Bank of AmericaCorp.price-fixing or anti-competitive practices2016private lawsuit-federal$155,333,333
Bank of America N.A.consumer protection violation2016private lawsuit-federal$3,000,000
Bank of America, N.A.consumer protection violation2016private lawsuit-federal$27,500,000
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank Of Americawage and hour violation2016MI-LEO$23,500
Bank of Americaemployment discrimination2017OFCCP$1,000,000
Merrill Lynchinvestor protection violation2017CFTC$2,500,000
Bank of Americainvestor protection violation2017USAO$2,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedanti-money-laundering deficiencies2017SEC$13,000,000
Bank of Americaexport control violation2017BIS$44,625
Bank of AmericaFamily and Medical Leave Act2017WHD$14,528
Bank of Americawage and hour violation2017private lawsuit-federal$6,000,000
Bank of Americawage and hour violation2017private lawsuit-federal$7,000,000
Bank of Americawage and hour violation2017private lawsuit-federal$1,900,000
Bank of Americawage and hour violation2017private lawsuit-federal$6,600,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedbenefit plan administrator violation2017private lawsuit-federal$25,000,000
Bank of America, N.A.consumer protection violation2017CA-MULTI$1,940,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2017FINRA$1,400,000
Bank of America N.A.consumer protection violation2017private lawsuit-federal$29,000,000
Merrill Lynch, Pierce, Fenner & Smith Incinvestor protection violation2018SEC$1,404,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$8,900,000
Merrill Lynch, Pierce, Fenner & Smithinvestor protection violation2018SEC$42,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2018SEC$15,700,000
Merrill Lynch, Pierce and Fenner & Smith Incorporatedinvestor protection violation2018SEC$8,872,723
Bank of America, N.A.price-fixing or anti-competitive practices2018CFTC$30,000,000
Bank of America Merrill Lynchinvestor protection violation2018NY-AG$42,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2018VT-FIN$120,000
Merrill Lynch, Pierce, Fenner & Smith Inc.securities issuance or trading violation2018FINRA$5,990,530
Bank of America N.A.price-fixing or anti-competitive practices2018private lawsuit-federal$187,500,000
Bank of America N.A.price-fixing or anti-competitive practices2018private lawsuit-federal$50,000,000
Bank of America N.A.consumer protection violation2018private lawsuit-federal$1,266,600,000
Bank of America N.A.consumer protection violation2018private lawsuit-federal$41,920,374
Bank of America, N.A.consumer protection violation2018private lawsuit-federal$550,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019SEC$8,014,000
Merrill Lynch Commodities Inc.price-fixing or anti-competitive practices2019DOJ_CRIMINAL$25,000,000
Merrill Lynch Commodities, Inc.investor protection violation2019CFTC(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $24,900,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019CFTC$300,000
Bank of Americaemployment discrimination2019OFCCP$4,200,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019FINRA$280,000
Merrill Lynch, Pierce, Fenner & Smith Incorporatedinvestor protection violation2019FINRA$4,000,000
Bank of America, N.A.consumer protection violation2019private lawsuit-federal$22,000,000
Merrill Lynch, Pierce and Fenner & Smith, Incorporatedinvestor protection violation2020SEC$325,376
Merrill Lynchinvestor protection violation2020VT-FIN$125,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020CT-SEC$400,000
Bank of America, N.A.Americans with Disabilities Act2020DOJ_RIGHTS$300,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020NH-BSR$26,250,000
Merrill Lynch, Pierce, Fenner & Smith Inc.investor protection violation2020FINRA$7,200,000
Bank of America N.A.price-fixing or anti-competitive practices2020private lawsuit-federal$5,000,000
Bank of America N.A.price-fixing or anti-competitive practices2020private lawsuit-federal$6,250,000
Bank of America N.A.price-fixing or anti-competitive practices2020private lawsuit-federal$1,500,000
Merrill Lynch Pierce Fenner & Smith Inc.price-fixing or anti-competitive practices2020private lawsuit-federal$20,833,333
Bank of America et al.consumer protection violation2020private lawsuit-federal$252,500,000
Bank of America N.A.consumer protection violation2020private lawsuit-federal$35,000,000
Bank of America N.A.consumer protection violation2020private lawsuit-federal$4,950,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.investor protection violation2021FINRA$11,650,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.