Violation Tracker Parent Company Summary

Parent Company Name: 
Bank of America
Ownership Structure: 
publicly traded (ticker symbol BAC)
Headquartered in: 
North Carolina
Major Industry: 
banking
Specific Industry: 
financial services
Penalty total since 2000: 
$82,695,676,034
Number of records: 
210
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$80,630,021,688124
employment-related offenses$880,037,19855
consumer-protection-related offenses$868,566,62919
competition-related offenses$280,943,9199
government-contracting-related offenses$35,600,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
mortgage abuses$39,950,771,70619
toxic securities abuses$23,204,300,00010
investor protection violation$13,398,055,23575
banking violation$3,954,637,53212
consumer protection violation$867,230,5009
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.

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 investor protection violation 2000 SEC $5,000,000
Merrill Lynch Life Insurance Company insurance violation 2000 SC-INS $5,000
U.S. Trust Corporation banking violation 2001 FED $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
U.S. Trust Corporation anti-money-laundering deficiencies 2001 NY-DFS $5,000,000
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
Merrill Lynch investor protection violation 2002 NH-BSR $500,000
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. investor protection 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 investor protection violation 2004 SEC $140,000,000
Banc of America Securities LLC investor protection 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. investor protection violation 2004 NY-AG (*) $375,000,000
FleetBoston Financial Corp. investor protection violation 2004 NY-AG (*) $300,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2004 FL-OFR $10,000
MERRILL LYNCH PIERCE FENNER & investor protection violation 2004 VA-SEC $268,723
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 investor protection 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. investor protection violation 2005 NJ-AG $10,000,000
Merrill Lynch Pierce Fenner & Smith Inc. investor protection violation 2005 WI-FIN $7,000
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 (non-employment) 2006 MA-AG $50,000
Countrywide Home Loans, Inc., consumer protection violation 2006 NY-AG $3,200,000
Bank of America Corp. anti-money-laundering deficiencies 2006 NY-MANDA $7,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2006 CT-SEC $3,500,000
Banc of America Investment Services, Inc. investor protection violation 2006 IL-SEC $250,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2006 VA-SEC $75,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2006 VA-SEC $33,000
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
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2007 IL-SEC $40,000
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
Countrywide Financial Corp. mortgage abuses 2008 HI-DCCA $84,548,000
Banc of America Investment Services, Inc. investor protection violation 2008 MD-SEC $10,000
Countrywide Home Loans Inc. consumer protection violation 2008 NC-BKG $1,611,500
Bank of America investor protection violation 2008 MULTI-FIN (*) $50,000,000
Merrill Lynch investor protection violation 2008 MULTI-FIN (*) $125,000,000
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
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 MO-SEC $20,000
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
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