Violation Tracker Individual Record

Company: 
Bank of New York Mellon
Current Parent Company: 
Bank of New York Mellon
Penalty: 
$84,000,000
Year: 
2015
Date: 
March 19, 2015
Primary Offense: 
benefit plan administrator violation
Violation Description: 

The Bank of New York Mellon has agreed to repay $84 million to employee benefit plan customers who were victimized through the bank's standing instruction foreign exchange trading program.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Employee Benefits Security Administration
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
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.