Violation Tracker Parent Company Summary

Parent Company Name: 
Bank of America
Ownership Structure: 
publicly traded (ticker symbol BAC)
Headquartered in: 
North Carolina
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$82,522,027,262
Number of records: 
175
Top 10 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,866,223,70618
toxic securities abuses$23,204,300,00010
investor protection violation$12,564,214,96335
banking violation$3,949,637,53211
consumer protection violation$862,975,0005
securities issuance or trading violation$757,400,00013
wage and hour violation$381,499,08934
benefit plan administrator violation$283,071,8548
employment discrimination$210,296,5938
price-fixing or anti-competitive practices$198,396,4424
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 agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

BAC HOME LOANS SERVICING LP FKA COUNTRYWIDE HOME LOANS SERVICING LP; BANC OF AMERICA; Banc of America Capital Management LLC et al.; BANC OF AMERICA CAPITAL MGT BACAP DISTRIBUTORS AND BANC OF AMERICA SECURITIES; Banc of America Investment Services, Inc., and Bacap Distributors, LLC; BANC OF AMERICA INVESTMENT SVC; BANK OF AMERICA; Bank of America Merrill Lynch; Countrywide Financial Corporation; Countrywide Home Loans; COUNTRYWIDE HOME LOANS AND BAC HOME LOANS SERVICING LP; Countrywide Securitie [...]

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

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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Company Primary Offense Type Yearsort icon Agency Penalty Amount
Merrill Lynch, Pierce, Fenner & Smith Incorporated securities issuance or trading violation 2000 SEC $5,000,000
Bank of America wage and hour violation 2001 private lawsuit-state $22,000,000
Bank of America False Claims Act and related 2001 AK-AG $35,600,000
FleetBoston Financial Corporation privacy violation 2001 NY-AG $100,000
Merrill Lynch investor protection violation 2002 DE-AG $500,000
Merrill Lynch investor protection violation 2002 NY-AG $100,000,000
Merrill Lynch & Co. Inc. investor protection violation 2002 MULTI-AG (*) $100,000,000
Bank of America economic sanction violation 2003 OFAC $158,038
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2003 SEC $200,000,000
Merrill Lynch & Co. Inc. accounting fraud or deficiencies 2003 SEC $80,000,000
Robertson Stephens Inc. securities issuance or trading violation 2003 SEC $33,000,000
Bank of America wage and hour violation 2003 private lawsuit-state $4,100,000
Bank of America economic sanction violation 2004 OFAC $13,573
Merrill Lynch, Pierce, Fenner & Smith, Inc economic sanction violation 2004 OFAC $22,904
FleetBoston Financial Corporation securities issuance or trading violation 2004 SEC $140,000,000
Banc of America Securities LLC securities issuance or trading violation 2004 SEC $10,000,000
Bank of America Corporation wage and hour violation 2004 WHD $5,972
Countrywide Financial Corporation wage and hour violation 2004 WHD $54,453
Banc of America Capital Management LLC et al. securities issuance or trading violation 2004 NY-AG (*) $375,000,000
FleetBoston Financial Corp. securities issuance or trading violation 2004 NY-AG (*) $300,000,000
Lasalle Bank MidWest National Association banking violation 2005 OCC $6,250,000
Banc of America Capital Management LLC, BACAP Distributors LLC and Banc of America Securities LLC securities issuance or trading violation 2005 SEC $375,000,000
Bank of America wage and hour violation 2005 WHD $12,824
Countrywide Financial wage and hour violation 2005 private lawsuit-state $30,000,000
Banc of America Investment Services, Inc., and Bacap Distributors, LLC investor protection violation 2005 SEC $1,500,000
Merrill Lynch Pierce Fenner & Smith Inc. financial institution supervision failures 2005 NJ-AG $10,000,000
Banc of America Securities LLC investor protection violation 2006 SEC $750,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2006 SEC $1,500,000
Bank of America Corporation wage and hour violation 2006 WHD $265,774
Merrill Lynch, Pierce, Fenner & Smith, Inc. wage and hour violation 2006 WHD $7,060
Bank of America wage and hour violation 2006 private lawsuit-federal $9,000,000
Merrill Lynch wage and hour violation 2006 private lawsuit-federal $37,000,000
Bank of America discriminatory practices 2006 MA-AG $50,000
Countrywide Home Loans, Inc., consumer protection violation 2006 NY-AG $3,200,000
Merrill Lynch Investment Managers, LLC and Merrill Lynch Alternative Investments, LLC data submission deficiencies 2007 CFTC $500,000
Lasalle Bank MidWest National Association banking violation 2007 OCC $125,000
Lasalle Bank National Association banking violation 2007 OCC $79,524
Banc of America Securities LLC fraud 2007 SEC $26,000,000
Bank of America wage and hour violation 2007 private lawsuit-state $2,500,000
Banc of America Investment Services, Inc. investor protection violation 2008 SEC $9,763,634
Merrill Lynch employment discrimination 2008 EEOC $1,550,000
Merrill Lynch & Co., Inc. wage and hour violation 2008 WHD $516,924
Bank of America Family and Medical Leave Act 2008 WHD $6,500
Bank of America wage and hour violation 2008 WHD $6,209
FleetBoston Financial Corp benefit plan administrator violation 2008 private lawsuit-federal $83,401,000
Banc of America Securities LLC investor protection violation 2008 MULTI-AG $4,550,000,000
Countrywide Home Loans mortgage abuses 2008 MULTI-AG $8,680,000,000
Merrill Lynch toxic securities abuses 2008 MA-AG $13,700,000
Merrill Lynch & Co. investor protection violation 2008 MULTI-AG $3,458,333,333
Bank of America Corporation investor protection violation 2009 SEC $33,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 SEC $7,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2009 SEC $1,000,000
Banc of America Investment Services, Inc. investor protection violation 2009 SEC $150,000
Banc of America Investment Services employment discrimination 2009 private lawsuit-federal $7,200,000
Merrill Lynch & Co., Inc. benefit plan administrator violation 2009 private lawsuit-federal $75,000,000
Countrywide Financial Corporation benefit plan administrator violation 2009 private lawsuit-federal $55,000,000
Bank of America privacy violation 2009 CT-AG $350,000
Countrywide Financial Corp. mortgage abuses 2009 CO-AG $6,000,000
Countrywide Financial Corp. mortgage abuses 2009 RI-AG $1,146,000
Countrywide Financial Corporation mortgage abuses 2009 OR-AG $1,000,000
Countrywide Financial Corporation mortgage abuses 2009 PA-AG $150,000,000
Countrywide Financial Corporation mortgage abuses 2009 SD-AG $161,805
Countrywide Financial Corporation mortgage abuses 2009 WI-AG $41,100,000
Countrywide Financial Corporation mortgage abuses 2009 WV-AG $340,901
Countrywide Home Loans mortgage abuses 2009 IN-AG $2,800,000
Merrill Lynch investor protection violation 2009 DE-AG $459,000
Merrill Lynch toxic securities abuses 2009 MA-AG $300,000
Merrill Lynch investor protection violation 2009 OH-AG $475,000,000
Bank of America price-fixing or anti-competitive practices 2010 DOJ_ANTITRUST $137,300,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LP consumer protection violation 2010 FTC $108,000,000
Bank of America investor protection violation 2010 SEC $150,000,000
Bank of America, NA wage and hour violation 2010 WHD $5,827
Bank of America, N.A. wage and hour violation 2010 WHD $18,654
Bank of America wage and hour violation 2010 private lawsuit-state $16,650,000
Merrill Lynch wage and hour violation 2010 private lawsuit-federal $43,500,000
Bank of America wage and hour violation 2010 private lawsuit-federal $661,392
Banc of America Securities LLC price-fixing or anti-competitive practices 2010 SEC $36,096,442
Banc of America Securities LLC investor protection violation 2010 NJ-AG $1,268,393
Bank of America price-fixing or anti-competitive practices 2010 MULTI-AG (*) $67,000,000
Bank of America fraud 2010 DC-AG $13,502,852
Bank of America Corp. privacy violation 2010 MO-AG $195,000
Countrywide Financial Corporation mortgage abuses 2010 MULTI-AG $3,004,100,000
Merrill Lynch investor protection violation 2010 NJ-AG $4,871,620
Merrill, Lynch, Pierce, Fenner and Smith, Inc. investor protection violation 2010 NJ-AG $728,260
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LP mortgage abuses 2011 DOJ_CIVIL $20,000,000
Bank of America toxic securities abuses 2011 FHFA $1,300,000,000
Bank of America toxic securities abuses 2011 FHFA $1,520,000,000
Merrill Lynch securities issuance or trading violation 2011 CFTC $350,000
Countrywide Financial Corporation mortgage abuses 2011 DOJ_RIGHTS $335,000,000
Merrill Lynch investor protection violation 2011 SEC $10,000,000
Bank of America Corp. workplace whistleblower retaliation 2011 OSHA $930,000
Merrill Lynch, Pierce, Fenner & Smith Inc. benefit plan administrator violation 2011 EBSA $170,854
BANK OF AMERICA workplace safety or health violation 2011 OSHA $6,600
Bank of America Corp benefit plan administrator violation 2011 private lawsuit-federal $21,000,000
LaSalle Bank benefit plan administrator violation 2011 private lawsuit-federal $13,500,000
Bank of America Corporation banking violation 2012 FED $175,500,000
Bank of America Corporation mortgage abuses 2012 DOJ_CIVIL $10,956,600,000
Bank of America N.A. banking violation 2012 DOJ_RIGHTS $370,000,000
Bank of America discriminatory practices 2012 HUD $161,180
Merrill Lynch benefit plan administrator violation 2012 private lawsuit-federal $10,000,000
Bank of America investor protection violation 2012 MULTI-AG $2,430,000,000
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