Violation Tracker Parent Company Summary

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: 
$82,896,776,051
Number of records: 
261
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$80,788,395,945166
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$13,547,438,962115
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 Year Agency Penalty Amountsort icon
Bank of America Corporation wage and hour violation 2006 WHD $265,774
Banc of America Investment Services, Inc. investor protection violation 2006 IL-SEC $250,000
Merrill Lynch investor protection violation 2008 FINRA $250,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2004 FINRA $250,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2008 FINRA $200,000
Banc of America Investment Services Inc. investor protection violation 2004 FINRA $200,000
Bank of America Corp. privacy violation 2010 MO-AG $195,000
Merrill Lynch, Pierce, Fenner & Smith Inc. benefit plan administrator violation 2011 EBSA $170,854
Countrywide Financial Corporation mortgage abuses 2009 SD-AG $161,805
Bank of America discriminatory practices (non-employment) 2012 HUD $161,180
Bank of America economic sanction violation 2003 OFAC $158,038
Banc of America Investment Services, Inc. investor protection violation 2009 SEC $150,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2009 FINRA $150,000
Lasalle Bank MidWest National Association banking violation 2007 OCC $125,000
Merrill Lynch investor protection violation 2020 VT-FIN $125,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated investor protection violation 2018 VT-FIN $120,000
Bank of America employment discrimination 2014 EEOC $110,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2004 FINRA $109,527
FSC Corporation wage and hour violation 2003 WHD $108,716
FleetBoston Financial Corporation privacy violation 2001 NY-AG $100,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2000 FINRA $97,000
Banc of America Investment Services, Inc. investor protection violation 2005 FINRA $90,000
Lasalle Bank National Association banking violation 2007 OCC $79,524
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2006 VA-SEC $75,000
Countrywide Financial Corporation wage and hour violation 2004 WHD $54,453
Countrywide Home Loans, Inc. consumer protection violation 2010 IL-BKG $54,000
Bank of America discriminatory practices (non-employment) 2006 MA-AG $50,000
Bank of America discriminatory practices (non-employment) 2013 HUD $45,000
Bank of America export control violation 2017 BIS $44,625
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2007 IL-SEC $40,000
Banc of America Securities LLC investor protection violation 2001 FINRA $40,000
Merrill Lynch, Pierce, Fenner & Smith, Incorporated investor protection violation 2006 VA-SEC $33,000
Bank of America employment discrimination 2016 EEOC $30,000
Bank of America, National Association environmental violation 2013 VA-ENV $27,625
Merrill Lynch, Pierce, Fenner & Smith, Inc economic sanction violation 2004 OFAC $22,904
Bank of America discriminatory practices (non-employment) 2013 HUD $22,449
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2009 MO-SEC $20,000
Bank of America, N.A. wage and hour violation 2010 WHD $18,654
Bank of America, National Association labor relations violation 2013 NLRB $18,634
Fleet National Bank environmental violation 2000 RI-ENV $18,034
Merrill Lynch & Pierce, Fenner & Smith Inc. investor protection violation 2010 AR-SEC $15,000
Merrill Lynch, Pierce, Fenner & Smith Inc. investor protection violation 2013 DC-DISB $15,000
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2001 FINRA $15,000
Bank of America Family and Medical Leave Act 2017 WHD $14,528
Bank of America economic sanction violation 2004 OFAC $13,573
Bank of America wage and hour violation 2005 WHD $12,824
Bank Of America NA environmental violation 2005 TX-ENV $12,480
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2016 VA-SEC $11,500
Merrill Lynch, Pierce, Fenner & Smith, Inc. investor protection violation 2004 FL-OFR $10,000
Banc of America Investment Services, Inc. investor protection violation 2008 MD-SEC $10,000
BancBoston Robertson Stephens investor protection violation 2001 FINRA $10,000
Bank of America discriminatory practices (non-employment) 2013 HUD $7,500
Merrill Lynch, Pierce, Fenner & Smith, Inc. wage and hour violation 2006 WHD $7,060
Merrill Lynch Pierce Fenner & Smith Inc. investor protection violation 2005 WI-FIN $7,000
BANK OF AMERICA workplace safety or health violation 2011 OSHA $6,600
Bank of America Family and Medical Leave Act 2008 WHD $6,500
Bank of America wage and hour violation 2008 WHD $6,209
Bank of America Corporation wage and hour violation 2004 WHD $5,972
Bank of America, NA wage and hour violation 2010 WHD $5,827
Merrill Lynch Life Insurance Company insurance violation 2000 SC-INS $5,000
BANK OF AMERICA workplace safety or health violation 2003 OSHA $5,000
Download results as CSV or XML (maximum 10,000; for access to larger downloads contact Phil Mattera)