Recordkeeping fines and actions

A list of the institutions fined for recordkeeping failures involving at least some combination of texts, WhatsApp messages, and audio files, if not other communications formats, since September 2020.

Updated – September 16, 2025

Fines

Total recorded3,395,413,000

InstitutionFine ($)
Acacia Financial Group Inc. 52,000
Alpaca Securities LLC 400,000
A.M. Best Rating Services, Inc.1,000,000
Ameriprise Financial Services LLC50,000,000
Apex Clearing Corporation6,000,000
Apollo Capital Management LP 8,500,000
Banco Santander, S.A. 500,000 (with Santander US Capital Markets LLC)
Bank of America  100,000,000
Bank of America Securities
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