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
Offense Group:
financial offenses
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 of Data:
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.
