Violation Tracker Individual Record

Company: 
Bank of America Merrill Lynch
Current Parent Company: 
Bank of America
Penalty: 
$42,000,000
Year: 
2018
Date: 
March 23, 2018
Primary Offense: 
investor protection violation
Violation Description: 

Bank of America Merrill Lynch agreed to pay $42 million penalty to the State of New York to settle an investigation into fraudulent practices in connection with its electronic trading services.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Attorney General
Civil or Criminal Case: 
civil
Facility State: 
New York
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.