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 Typesort icon Year Agency Penalty Amount
Banc of America Capital Management LLC et al. investor protection violation 2004 NY-AG (*) $375,000,000
Banc of America Securities LLC investor protection violation 2008 MULTI-AG $4,550,000,000
Banc of America Securities LLC investor protection violation 2010 NJ-AG $1,268,393
Bank of America investor protection violation 2012 MULTI-AG $2,430,000,000
Bank of America investor protection violation 2013 MULTI-AG $500,000,000
Bank of America Merrill Lynch investor protection violation 2018 NY-AG $42,000,000
FleetBoston Financial Corp. investor protection violation 2004 NY-AG (*) $300,000,000
Merrill Lynch investor protection violation 2009 DE-AG $459,000
Merrill Lynch investor protection violation 2002 DE-AG $500,000
Merrill Lynch investor protection violation 2010 NJ-AG $4,871,620
Merrill Lynch investor protection violation 2002 NY-AG $100,000,000
Merrill Lynch investor protection violation 2009 OH-AG $475,000,000
Merrill Lynch & Co. investor protection violation 2008 MULTI-AG $3,458,333,333
Merrill Lynch & Co. investor protection violation 2013 NJ-AG $45,000,000
Merrill Lynch & Co. Inc. investor protection violation 2002 MULTI-AG (*) $100,000,000
Merrill Lynch Commodities, Inc. investor protection violation 2019 CFTC (*) $24,900,000
Merrill Lynch Pierce Fenner & Smith Inc. investor protection violation 2005 NJ-AG $10,000,000
Merrill, Lynch, Pierce, Fenner and Smith, Inc. investor protection violation 2010 NJ-AG $728,260
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2019 CFTC $300,000
Merrill Lynch, Pierce and Fenner & Smith, Incorporated investor protection violation 2020 SEC $325,376
Merrill Lynch & Pierce, Fenner & Smith Inc. investor protection violation 2010 AR-SEC $15,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2006 CT-SEC $3,500,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2013 DC-DISB $15,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2004 FL-OFR $10,000
Banc of America Investment Services, Inc. investor protection violation 2006 IL-SEC $250,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2007 IL-SEC $40,000
Merrill Lynch Pierce Fenner & Smith Inc. investor protection violation 2012 IL-SEC $25,930,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2015 MA-SEC $2,500,000
Banc of America Investment Services, Inc. investor protection violation 2008 MD-SEC $10,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 MO-SEC $20,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2013 MO-SEC $2,121,579
Merrill Lynch investor protection violation 2002 NH-BSR $500,000
MERRILL LYNCH PIERCE FENNER & investor protection violation 2004 VA-SEC $268,723
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 2016 VA-SEC $11,500
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2018 VT-FIN $120,000
Merrill Lynch investor protection violation 2020 VT-FIN $125,000
Merrill Lynch Pierce Fenner & Smith Inc. investor protection violation 2005 WI-FIN $7,000
Bank of America investor protection violation 2008 MULTI-FIN (*) $50,000,000
Merrill Lynch investor protection violation 2010 MULTI-FIN $26,563,094
Merrill Lynch investor protection violation 2008 MULTI-FIN (*) $125,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2020 CT-SEC $400,000
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
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, Fenner & Smith Incorporated investor protection violation 2017 FINRA $1,400,000
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
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2014 FINRA $2,440,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2014 FINRA $4,000,000
Merrill Lynch investor protection violation 2014 FINRA $6,000,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2014 FINRA $32,400,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2014 FINRA $1,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2013 FINRA $2,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2013 FINRA $1,373,000
Merrill Lynch investor protection violation 2012 FINRA $1,074,200
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2012 FINRA $500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2012 FINRA $2,800,000
Merrill Lynch, Pierce, Fenner & Smith investor protection violation 2012 FINRA $1,000,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2011 FINRA $1,000,000
Merrill Lynch investor protection violation 2011 FINRA $3,000,000
Merrill Lynch investor protection violation 2010 FINRA $2,500,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2009 FINRA $150,000
Merrill Lynch investor protection violation 2008 FINRA $250,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2008 FINRA $200,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2006 FINRA $5,000,000
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
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
Robertson Stephens, Inc. investor protection violation 2004 FINRA $275,000
Robertson Stephens, Inc. investor protection violation 2003 FINRA (*) $14,000,000
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
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2000 FINRA $97,000
Bank of America, National Association labor relations violation 2013 NLRB $18,634
Bank of America Corporation mortgage abuses 2014 DOJ $16,650,000,000
Bank of America Corporation mortgage abuses 2012 DOJ $10,956,600,000
BAC Home Loans Servicing LP fka Countrywide Home Loans Servicing LP mortgage abuses 2011 DOJ_CIVIL $20,000,000
Countrywide Financial Corporation mortgage abuses 2011 DOJ_RIGHTS $335,000,000
Bank of America mortgage abuses 2012 MULTI-AG (*) $2,382,415,075
Bank of America mortgage abuses 2015 MA-AG $675,000
Bank of America Corporation mortgage abuses 2014 MULTI-AG (*) $943,000,000
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 2010 MULTI-AG $3,004,100,000
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 2008 MULTI-AG $8,680,000,000
Countrywide Home Loans mortgage abuses 2009 IN-AG $2,800,000
Countrywide Securities Corp. mortgage abuses 2013 MA-AG $17,300,000
Countrywide Financial Corp. mortgage abuses 2008 HI-DCCA $84,548,000
Bank of America price-fixing or anti-competitive practices 2010 DOJ_ANTITRUST $137,300,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)