Violation Tracker Individual Record

Company: 
Bank of America Corporation
Current Parent Company: 
Bank of America
Penalty: 
$33,000,000
Year: 
2009
Date: 
August 3, 2009
Primary Offense: 
investor protection violation
Violation Description: 

Bank of America Corporation agreed to pay $33 million to settle allegations that it misled investors about billions of dollars in bonuses that were being paid to Merrill Lynch & Co. executives at the time of its acquisition of the firm.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.