Violation Tracker

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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 Total	Number of Records
consumer-protection-related offenses	$44,251,859,042	78
financial offenses	$41,332,842,096	155
employment-related offenses	$887,723,428	65
competition-related offenses	$777,780,585	20
government-contracting-related offenses	$35,600,000	1

Top 5 Primary Offense Types	Penalty Total	Number of Records
mortgage abuses	$39,950,771,706	19
toxic securities abuses	$23,208,942,857	11
investor protection violation	$13,801,013,962	118
consumer protection violation	$4,256,482,302	43
banking violation	$4,179,637,532	14

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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Company	Primary Offense Type	Year	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
Fleet National Bank	environmental violation	2000	RI-ENV	$18,034
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2000	FINRA	$97,000
Countrywide Home Loans	environmental violation	2000	CA-SCAQMD	$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
Banc of America Securities LLC	investor protection violation	2001	FINRA	$40,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2001	FINRA	$15,000
MBNA Corp.	consumer protection violation	2001	private lawsuit-federal	$8,700,000
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	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $100,000,000
Merrill Lynch	investor protection violation	2002	NH-BSR	$500,000
MBNA	environmental violation	2002	DE-ENV	$225,000
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
Bank of America	wage and hour violation	2003	private lawsuit-state	$4,100,000
BANK OF AMERICA	workplace safety or health violation	2003	OSHA	$5,000
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	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $375,000,000
FleetBoston Financial Corp.	investor protection violation	2004	NY-AG	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $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
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2004	FINRA	$1,600,000
Banc of America Investment Services Inc.	investor protection violation	2004	FINRA	$200,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated	investor protection violation	2004	FINRA	$250,000
Merrill Lynch, Pierce, Fenner & Smith Inc.	investor protection violation	2004	FINRA	$109,527
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
Bank of America, NA	discriminatory practices (non-employment)	2005	private lawsuit-federal	$3,670,000
Bank Of America NA	environmental violation	2005	TX-ENV	$12,480
Merrill Lynch, Pierce, Fenner & Smith	investor protection violation	2005	FINRA	$14,000,000
Banc of America Investment Services, Inc.	investor protection violation	2005	FINRA	$90,000
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, Pierce, Fenner & Smith Inc.	investor protection violation	2006	FINRA	$5,000,000
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.	anti-money-laundering deficiencies	2007	FINRA	$3,000,000
Bank of America	environmental violation	2007	CA-SCAQMD	$46,000
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	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000
Merrill Lynch	investor protection violation	2008	MULTI-FIN	(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $125,000,000
Merrill Lynch	investor protection violation	2008	FINRA	$250,000
Merrill Lynch, Pierce, Fenner & Smith, Inc.	investor protection violation	2008	FINRA	$200,000
COUNTRYWIDE FINANCIAL CORPORATION,	wage and hour violation	2008	CA-LCO	$5,164
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
MBNA Corp.	benefit plan administrator violation	2009	private lawsuit-federal	$4,500,000
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