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Company: Bank of New York Mellon
Current Parent Company:
Bank of New York Mellon
Parent at the Time of the Penalty Announcement:
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Penalty: $84,000,000
Year: 2015
Date: March 19, 2015
Offense Group: employment-related offenses
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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