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Violation Tracker Current Parent Company Summary
Current Parent Company Name: Bank of Montreal
Ownership Structure: publicly traded (ticker symbol BMO)
Headquartered in: Canada
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000: $151,283,637
Number of records: 21
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
| financial offenses | $104,510,200 | 9 |
| consumer-protection-related offenses | $31,400,000 | 3 |
| competition-related offenses | $10,000,000 | 1 |
| employment-related offenses | $5,373,437 | 8 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
| investor protection violation | $104,026,000 | 6 |
| consumer protection violation | $31,400,000 | 3 |
| fraud | $10,000,000 | 1 |
| wage and hour violation | $4,639,533 | 4 |
| banking violation | $484,200 | 3 |
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.
| Company | Primary Offense Type  | Year | Agency | Penalty Amount |
| BANK OF THE WEST | banking violation | 2011 | FDIC | $135,000 |
| BANK OF THE WEST | banking violation | 2010 | FDIC | $68,200 |
| Bank of the West | banking violation | 2021 | FDIC | $281,000 |
| Harris N.A. | benefit plan administrator violation | 2007 | EBSA | $274,600 |
| Bank of the West | consumer protection violation | 2012 | private lawsuit-federal | $18,000,000 |
| BMO Harris | consumer protection violation | 2013 | private lawsuit-federal | $9,400,000 |
| BMO Harris | consumer protection violation | 2013 | private lawsuit-federal | $4,000,000 |
| Bank of the West | employment discrimination | 2011 | EEOC | $48,000 |
| BMO Harris Bank | employment discrimination | 2013 | EEOC | $400,000 |
| BMO Harris Bank N.A. | Family and Medical Leave Act | 2015 | WHD | $11,304 |
| BMO Harris Bank, N.A. | fraud | 2018 | USAO | $10,000,000 |
| BMO Capital Markets Corporation | investor protection violation | 2019 | SEC | $3,946,000 |
| BMO Harris Financial Advisors Inc. and BMO Asset Management Corp. | investor protection violation | 2019 | SEC | $37,980,000 |
| BMO Capital Markets Corp. | investor protection violation | 2019 | SEC | $1,950,000 |
| BMO Capital Markets Corp. | investor protection violation | 2008 | FINRA | $150,000 |
| Bank of Montreal | investor protection violation | 2023 | CFTC | $35,000,000 |
| BMO Capital Markets Corp | investor protection violation | 2023 | SEC | $25,000,000 |
| Bank of the West | wage and hour violation | 2015 | WHD | $33,750 |
| BMO Financial | wage and hour violation | 2016 | private lawsuit-federal | $700,000 |
| BMO Financial | wage and hour violation | 2015 | private lawsuit-federal | $3,900,000 |
| Bank Of The West | wage and hour violation | 2020 | CA-LCO | $5,783 |
