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: 
$82,885,116,051
Number of records: 
259
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$80,776,735,945164
consumer-protection-related offenses$911,120,53423
employment-related offenses$880,145,91456
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$13,535,778,962113
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.

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.
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)
Company Primary Offense Type Yearsort icon Agency Penalty Amount
Bank of America, National Association banking violation 2015 OCC $30,000,000
BANK OF AMERICA CORPORATION banking violation 2015 FED $205,000,000
Merrill Lynch investor protection violation 2015 SEC $10,900,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2015 SEC $500,000
Bank of America wage and hour violation 2015 private lawsuit-federal $9,000,000
Countrywide Home Loans Inc. wage and hour violation 2015 private lawsuit-federal $9,649,000
Bank of America mortgage abuses 2015 MA-AG $675,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2015 MA-SEC $2,500,000
Merrill Lynch investor protection violation 2016 SEC $10,000,000
Merrill Lynch investor protection violation 2016 SEC $415,000,000
Merrill Lynch investor protection violation 2016 SEC $12,500,000
Bank of America employment discrimination 2016 EEOC $30,000
Merrill Lynch wage and hour violation 2016 private lawsuit-state $2,645,000
Bank of America wage and hour violation 2016 private lawsuit-state $4,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $3,250,000
Merrill Lynch wage and hour violation 2016 private lawsuit-federal $14,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $36,000,000
Bank of America wage and hour violation 2016 private lawsuit-federal $2,250,000
Bank of America fraud 2016 DC-AG $13,000,000
Countrywide Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith, Inc. toxic securities abuses 2016 VA-AG $19,500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2016 VA-SEC $11,500
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2016 FINRA $7,030,000
Merrill Lynch, Pierce, Fenner and Smith Inc. investor protection violation 2016 FINRA $2,800,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2016 FINRA $5,000,000
Bank of America employment discrimination 2017 OFCCP $1,000,000
Merrill Lynch investor protection violation 2017 CFTC $2,500,000
Bank of America investor protection violation 2017 USAO $2,500,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated anti-money-laundering deficiencies 2017 SEC $13,000,000
Bank of America export control violation 2017 BIS $44,625
Bank of America Family and Medical Leave Act 2017 WHD $14,528
Bank of America wage and hour violation 2017 private lawsuit-federal $6,000,000
Bank of America wage and hour violation 2017 private lawsuit-federal $7,000,000
Bank of America wage and hour violation 2017 private lawsuit-federal $1,900,000
Bank of America wage and hour violation 2017 private lawsuit-federal $6,600,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated benefit plan administrator violation 2017 private lawsuit-federal $25,000,000
Bank of America, N.A. consumer protection violation 2017 CA-MULTI $1,940,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2017 FINRA $1,400,000
Merrill Lynch, Pierce, Fenner & Smith Inc investor protection violation 2018 SEC $1,404,000
Merrill Lynch, Pierce, Fenner & Smith investor protection violation 2018 SEC $8,900,000
Merrill Lynch, Pierce, Fenner & Smith investor protection violation 2018 SEC $42,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2018 SEC $15,700,000
Merrill Lynch, Pierce and Fenner & Smith Incorporated investor protection violation 2018 SEC $8,872,723
Bank of America, N.A. interest rate benchmark manipulation 2018 CFTC $30,000,000
Bank of America Merrill Lynch investor protection violation 2018 NY-AG $42,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2018 VT-FIN $120,000
Merrill Lynch, Pierce, Fenner & Smith Inc. securities issuance or trading violation 2018 FINRA $5,990,530
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 SEC $8,014,000
Merrill Lynch Commodities Inc. price-fixing or anti-competitive practices 2019 DOJ_CRIMINAL $25,000,000
Merrill Lynch Commodities, Inc. investor protection violation 2019 CFTC (*) $24,900,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 CFTC $300,000
Bank of America employment discrimination 2019 OFCCP $4,200,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 FINRA $280,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 FINRA $4,000,000
Merrill Lynch, Pierce and Fenner & Smith, Incorporated investor protection violation 2020 SEC $325,376
Merrill Lynch investor protection violation 2020 VT-FIN $125,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2020 CT-SEC $400,000
Bank of America, N.A. Americans with Disabilities Act 2020 DOJ_RIGHTS $300,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2020 NH-BSR $26,250,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2020 FINRA $7,200,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)