Company Directory - Bank of America Securities
Company Details - Bank of America Securities
Bank of America Securities
WebsiteCharlotte, United States
Bank of America Securities is the investment banking division of Bank of America, providing a variety of investment banking services, including advisory services, capital raising, and risk management solutions for clients worldwide.
CCI Score
CCI Score: Bank of America Securities
-10.22
0.01%
Latest Event
BofA Securities Lobbying Efforts Under Scrutiny After Conservative Criticism
BofA Securities, part of Bank of America, is engaging in lobbying efforts to urge clearer government guidelines on anti‐money laundering regulations after facing conservative criticism over alleged politically-motivated debanking. Critics argue this maneuver reinforces corporate influence in political decision-making, potentially undermining democratic accountability.
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ENABLER
Bank of America Securities is currently rated as an Enabler.
Latest Events
- MAR242025
BofA Securities, part of Bank of America, is engaging in lobbying efforts to urge clearer government guidelines on anti‐money laundering regulations after facing conservative criticism over alleged politically-motivated debanking. Critics argue this maneuver reinforces corporate influence in political decision-making, potentially undermining democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 25
BofA Securities is actively lobbying the White House and Congress to secure clearer regulatory guidelines on anti-money laundering—a move viewed by critics as an effort to use political influence to defend its practices. This lobbying is seen as aligning with corporate tactics that might compromise democratic accountability and contribute to a broader trend of corporate complicity in authoritarian practices by prioritizing profit and institutional protection over public interest.
BofA, JPMorgan to Lobby White House, Congress After Conservative Criticism
- FEB262025
Bank of America’s investment banking arm, BofA Securities, has shifted its annual filing language to de-emphasize explicit commitments to diversity, equity, and inclusion. The removal of overt DEI declarations—replacing them with language centered on 'opportunity'—appears to align with the Trump administration’s DEI executive order and a broader pattern among major banks. This move raises concerns among anti‑fascist observers about reduced internal accountability and weakened commitments to marginalized employee groups.
-40
Public and Political Behavior
March 26
The de-emphasis of DEI in public filings signals a deliberate shift in public and political behavior. By moving away from explicit diversity and inclusion commitments, BofA Securities is aligning itself with politically influenced policies that devalue the importance of inclusivity. This behavior is perceived as supporting a broader political agenda that may undermine democratic norms and marginalize underrepresented groups.
-50
Business Practices and Ethical Responsibility
March 26
By substituting direct commitments to diversity with vague language on 'opportunity,' BofA Securities is undermining ethical business practices and its long-standing legacy of championing DEI initiatives. This shift compromises their accountability and commitment to fostering an inclusive work environment, sending a negative signal regarding their ethical responsibility towards marginalized communities.
- FEB192025
OpenSecrets data reveals substantial political contributions and lobbying expenditures linked to Bank of America, including a revolving door phenomenon among lobbyists, reflecting potential complicity in undemocratic influence on policy making.
-40
Political Contributions and Lobbying Efforts
March 26
The article details significant political contributions ($4.23M) and lobbying expenditures ($2.4M) over many years by Bank of America, with notable revolving door practices where many lobbyists are former government officials. Such practices may foster undue influence over political processes and support policies that benefit corporate interests at the expense of democratic accountability, which is concerning from an anti-fascist perspective.
- FEB062025
An OpenSecrets profile revealed that Bank of America, parent to B of A Securities, contributed over $4.2 million and spent $2.4 million on lobbying in the 2024 cycle. Such financial involvement in political campaigns and lobbying efforts raises concerns about undue corporate influence that may facilitate authoritarian practices and undermine democratic accountability.
-50
Political Contributions and Lobbying Efforts
March 25
The data from OpenSecrets indicates significant political contributions and lobbying expenditures by Bank of America, amounts that can translate into influential political leverage. This level of spending is concerning as it may lead to policies that benefit corporate interests at the expense of democratic processes and social justice, aligning with authoritarian practices. Given B of A Securities' role as part of a major financial institution, its indirect involvement in such political financial maneuvers merits a negative score.
- FEB062025
BofA Securities, as part of Bank of America's broader financial apparatus, allocated $490,000 through its PAC to federal candidates during the 2023-2024 cycle. This contribution raises concerns from an anti-fascist perspective about the influence of corporate money on democratic processes and potential support for authoritarian policies.
-60
Political Contributions and Lobbying Efforts
March 19
The reported $490,000 PAC contribution by Bank of America (with BofA Securities as a related entity) is a clear indicator of significant financial influence in federal politics. Viewed through a left-leaning lens, such monetary contributions can distort democratic processes and indirectly support authoritarian policies by funding candidates whose platforms may undermine social justice and civil rights.
Bank of America PAC Contributions to Federal Candidates • OpenSecrets
- FEB062025
OpenSecrets data for the 2024 cycle shows that Bank of America – parent company of B of A Securities – contributed over $4.2 million and spent $2.4 million on lobbying efforts, while a notable revolving door is evident with a majority of its lobbyists having prior government service. These activities signal extensive corporate political engagement that may undermine democratic accountability.
-80
Political Contributions and Lobbying Efforts
March 27
The disclosed political contributions and lobbying expenditures, amounting to over $4 million and $2.4 million respectively in the 2024 cycle, indicate that the company is leveraging significant financial resources to influence political processes. Such extensive corporate political involvement is viewed as contributing to an environment that favors authoritarian influence.
-60
Executive Political Engagement
March 27
The profile highlights that a significant portion of Bank of America's lobbyists (12 of 15 in 2023 and 11 of 17 in 2024) have prior government experience, indicating a revolving door that can lead to conflicts of interest and undue influence over public policy. This form of executive political engagement reinforces concerns about the company's alignment with authoritarian practices.
- JAN242025
On January 24, 2025, BofA Securities, alongside JPMorgan, announced plans to lobby the White House and Congress in response to claims from President Trump and others alleging that conservative customers were being unfairly debanked. The bank stated it seeks clearer government guidelines on anti-money laundering rules and regulatory practices, asserting that its decision-making is not influenced by political criteria.
-30
Political Contributions and Lobbying Efforts
April 1
BofA Securities’ decision to engage in lobbying efforts reflects an attempt to influence public policy and regulatory standards in a way that protects its corporate interests. While the firm defends its practices as non-partisan, the active political engagement to counter conservative criticism raises concerns about potential regulatory capture and undue corporate influence over democratic processes.
BofA, JPMorgan to Lobby White House, Congress After Conservative Criticism
- JAN242025
BofA Securities, alongside JPMorgan, is actively lobbying the White House and Congress for clearer guidelines on anti‐money laundering and debanking practices following conservative criticisms. This effort is seen by critics as a move to shield major financial institutions from political accountability and, in turn, supports systems that may enable authoritarian governance.
-40
Political Contributions and Lobbying Efforts
March 26
BofA Securities’ decision to lobby for regulatory clarity on debanking and AML rules raises concerns from an anti-fascist perspective. By engaging in political lobbying to shape government policy, the bank is seen as leveraging its influence to protect its interests, potentially at the expense of accountability and fair democratic processes. This kind of political engagement is perceived as contributing to an environment that may favor authoritarian practices and undermine the transparency required for a healthy democracy.
BofA, JPMorgan to Lobby White House, Congress After Conservative Criticism
- JAN242025
BofA Securities, alongside JPMorgan, is engaging in lobbying efforts with the White House and Congress to push for clearer financial regulation, following conservative criticisms regarding alleged politically motivated account closures.
-30
Political Contributions and Lobbying Efforts
March 26
BofA Securities is actively lobbying key government institutions in response to political criticisms. This effort to shape regulatory frameworks in their favor demonstrates a reliance on influence and political maneuvering, which contributes to corporate complicity in systems that may undermine democratic accountability and enable authoritarian-friendly practices.
BofA, JPMorgan to lobby White House, Congress after conservative criticism
- JAN012025
Analysis of Bank of America Securities' political contributions as tracked by the American Democracy Scorecard. The report examines whether their political spending aligns with pro‐democracy initiatives, suggesting a level of transparency and accountability in corporate political behavior.
+30
Political Contributions and Lobbying Efforts
March 21
The American Democracy Scorecard highlights Bank of America's political contributions, offering insights into whether their spending supports democratic ideals. While this transparency is positive in opposing authoritarian influences, the limited discussion on broader lobbying efforts or executive engagement suggests that more data is needed to fully evaluate their overall political impact.
- DEC312024
Bank of America, the parent organization of Bank of America Securities, spent $2,400,000 on lobbying in 2024, indicating significant political influence efforts that may contribute to authoritarian policy environments.
-50
Public and Political Behavior
March 21
The reported $2.4M expenditure on lobbying in 2024 suggests that Bank of America, through its subsidiary, is actively engaging in political influence. From an anti-fascist perspective, such spending can be interpreted as contributing to the reinforcement of corporate and potentially authoritarian interests by shaping policy in favor of those interests.
- DEC142024
BofA Securities, the investment banking arm of Bank of America, is reportedly setting aside funds to contribute to President-elect Donald Trump’s inaugural committees. This move, given Trump’s authoritarian leanings, is seen as a political endorsement that may indirectly support fascist tendencies by financing events that celebrate figures associated with authoritarianism.
-60
Political Contributions and Lobbying Efforts
March 26
The corporate decision to contribute financially to Trump’s inaugural committees underscores a willingness to support political figures associated with authoritarian policies. By providing donations to a figure with a known history of authoritarian rhetoric, BofA Securities risks reinforcing power dynamics that can erode democratic norms, aligning with practices that some view as complicit in the rise of fascism.
BofA, Goldman Sachs To Contribute To Trump's Inaugural Committees: Report
- DEC132024
BofA Securities, as part of Bank of America, is reported to be planning an undecided donation to President-elect Trump's inaugural committees. This contribution, echoing past political donations from the bank, is seen as bolstering authoritarian political figures and signaling continued complicity in supporting far‐right political agendas.
-70
Political Contributions and Lobbying Efforts
March 26
The planned donation to Trump’s inaugural committees reflects a politically charged contribution that supports an authoritarian political agenda. From an anti-fascist perspective, this action by a major financial institution with a history of significant political contributions contributes to the rising influence of far-right power and undermines democratic accountability.
Bank of America, Goldman to donate undecided amounts to Trump's inaugural committees
- NOV212024
B of A Securities, the investment banking division of Bank of America, has implemented a mandatory arbitration policy for its employees, limiting their ability to resolve legal disputes in court. This policy change may reduce worker protections and diminish labor rights, raising concerns about corporate practices that favor employer interests over fair treatment of employees.
-60
Labor Relations and Human Rights Practices
March 25
The mandatory arbitration policy limits employees' rights to challenge disputes in court, effectively curtailing their ability to hold the company accountable and seek redress. This undermines fair labor practices and worker protections, aligning with practices that favor corporate interests and possibly contribute to broader systemic issues of corporate complicity in undermining democratic accountability.
- SEP012024
Bank of America Securities published its updated Supplier Code of Conduct in September 2024. The document outlines stringent environmental, ethical, and social standards for its suppliers, mandating adherence to international labor and human rights conventions, anti-corruption measures, fair wages, and safe working conditions.
+80
Labor Relations and Human Rights Practices
April 2
The updated Supplier Code of Conduct strongly emphasizes labor rights and human rights by mandating fair wages, safe workplace conditions, prohibition of forced or child labor, and accessible grievance mechanisms. This robust stance enhances worker protections and aligns with anti-authoritarian, progressive practices.
+70
Supply Chain Ethics
April 2
By enforcing a comprehensive Supplier Code of Conduct, the company sets clear standards for supply chain ethics, emphasizing adherence to international norms related to anti-bribery, fair competition, and environmental and social responsibility. This proactive approach mitigates risks associated with unethical practices.
- SEP012024
Bank of America's Supplier Code of Conduct outlines comprehensive expectations for suppliers, emphasizing adherence to human rights, ethical labor practices, anti-corruption measures, and environmental sustainability. The code prohibits political contributions by suppliers and mandates transparency and accountability, reaffirming the company’s commitment to responsible and ethical business practices.
+80
Public and Political Behavior
March 21
The Supplier Code clearly outlines prohibitions on accepting gifts and political donations as well as guidelines to avoid undue political influence, reflecting a strong stance in Public and Political Behavior. This proactive approach minimizes risks of complicity in fostering authoritarian practices.
+90
Business Practices and Ethical Responsibility
March 21
The code strongly emphasizes ethical business practices and labor relations by mandating compliance with international human rights standards, labor laws, and anti-slavery practices. It also ensures that suppliers uphold rigorous standards in labor rights, safety, and diversity, underpinning a robust commitment to ethical responsibility.
+80
Economic and Structural Influence
March 21
The document includes clear anti-bribery, anti-corruption measures and explicitly prohibits improper political donations by suppliers. These practices mitigate risks of economic collusion with authoritarian entities and emphasize transparent, accountable economic engagements.
- AUG302024
A subsidiary of Bank of America reached a $3M settlement with FINRA following significant lapses in its surveillance systems that failed to detect manipulative trading practices, raising serious concerns about the firm’s business ethics and technological safeguards.
- AUG282024
Bank of America Securities, the institutional broker-dealer arm of Bank of America, was fined $3 million for its failure to supervise manipulative trading. The deficient oversight in monitoring potentially abusive trading practices raises serious concerns about the firm's commitment to ethical business practices, ultimately undermining market integrity and public trust.
-40
Business Practices and Ethical Responsibility
March 26
BofA Securities was fined for failing to properly supervise transactions, including wash trading and other forms of manipulative trading. This lapse highlights a significant deficiency in ethical business practices, reflecting a disregard for regulatory standards that are essential for maintaining a fair and transparent market, thereby indirectly contributing to broader systemic issues in corporate accountability.
BofA, Merrill Fined $3 Million for Failure to Supervise Manipulative Trading - AdvisorHub
- AUG282024
BofA Securities, the investment banking arm of Bank of America, was implicated in a regulatory failure as part of a $3 million fine settlement. The firm failed to adequately supervise and monitor potentially manipulative trading practices, relying on deficient third-party surveillance systems and cost-cutting measures that removed critical live data feeds. This negligence in internal controls raises serious concerns under business ethics and responsibility, potentially undermining trust in market fairness.
-40
Business Practices and Ethical Responsibility
March 25
B of A Securities demonstrated significant shortcomings in ethical business practices by failing to implement robust internal controls. The firm's inadequate surveillance measures and decision to cut costs by eliminating timely data feeds culminated in a fine for not properly supervising manipulative trading. This conduct not only violates principles of business accountability but also undermines market integrity, indirectly contributing to an environment where financial misconduct can flourish.
BofA, Merrill Fined $3 Million for Failure to Supervise Manipulative Trading - AdvisorHub
- JUN302024
The company published a comprehensive policy statement outlining its political contributions, PAC operations, trade association memberships, and lobbying expenditures over recent fiscal periods. The statement emphasizes transparent, balanced engagement in the political process, including contributions to both 527 and 501(c)(4) organizations, and adherence to strict governance and compliance procedures.
+20
Political Contributions and Lobbying Efforts
April 2
The detailed disclosure of political contributions and lobbying activities reflects an effort to maintain transparency and balanced support in the political arena. While the company engages in significant political activities and lobbying expenditures, its policy emphasizes nonpartisan participation and rigorous compliance measures. From an anti‑fascist perspective, this transparency and balanced approach moderately supports democratic processes and protects marginalized interests by avoiding overt support for authoritarian policies.
- JUN302024
The company disclosed detailed political activities including significant federal lobbying expenditures, trade association dues, and controlled political contributions through its PAC and other channels. The disclosure outlines spending figures over multiple years and covers both lobbying expenses and contributions to 527 and 501(c)(4) organizations, reflecting deep engagement in the political process.
-40
Political Contributions and Lobbying Efforts
April 2
The disclosed figures reveal that the company (as part of Bank of America) has engaged in extensive lobbying and political contribution activities, with millions spent on influencing policy. Such large-scale corporate political spending, even when fully disclosed and compliant with legal standards, underscores the excessive influence of corporate power in political processes—a dynamic that can contribute to authoritarian and elitist policymaking.
- JUN302024
The article outlines Bank of America's extensive political contributions and lobbying activities. The reported federal lobbying expenses of $1.1 million in Q2 2024, along with multi-million dollar figures in previous years and donations to various 527 and 501(c)(4) organizations, raise concerns about the company's influence over public policy. This level of involvement can be seen as contributing to an environment where corporate interests may subvert democratic accountability and aid the rise of authoritarian practices.
-40
Political Contributions and Lobbying Efforts
March 21
The significant sums spent on federal lobbying and structured political contributions (e.g., $1.1 million in Q2 2024, and multi-year multi-million dollar expenditures) illustrate a deep engagement in political processes. This financial influence is aligned with practices that can undermine democratic accountability, suggesting complicity in the structures that favor authoritarian policy outcomes.
- JUN302024
BofA Securities, as part of Bank of America, is implicated in extensive political engagement. The disclosed political contributions, PAC practices, and sizeable federal lobbying expenditures—running into millions—demonstrate a pattern of corporate behavior that potentially undermines democratic processes and facilitates undue influence over policymaking. While the company adheres to internal governance standards, its financial involvement in political processes raises concerns about supporting systems that may favor authoritarian outcomes.
-40
Public and Political Behavior
March 25
The political activities disclosed—including documented contributions to PACs, trade associations, and substantial federal lobbying efforts—demonstrate the company's deep engagement in political processes. From an anti-fascist perspective, such extensive corporate involvement can be seen as leveraging economic power to shape political outcomes, potentially undermining the democratic process and facilitating authoritarian influence.
-20
Economic and Structural Influence
March 25
The article reveals significant economic measures—such as multi-million dollar lobby spending and dues to influential trade associations—that enable the company to exert structural and economic influence over regulatory processes. This kind of economic collaboration not only fortifies the corporation's position but also contributes to environments where corporate interests can override the public good, indirectly supporting authoritarian frameworks.
- JUN302024
The article outlines Bank of America's extensive political contributions, lobbying expenditures, and participation in trade associations as part of its political activities. These actions, while legally compliant and framed as promoting corporate governance, raise concerns from a left-leaning perspective about the potential for corporate political power to indirectly bolster authoritarian agendas.
-30
Public and Political Behavior
March 19
Bank of America's detailed disclosure of political activities highlights significant lobbying spending and structured contributions through PACs and other organizations. Although contributions are made in a bipartisan manner and are under strict governance, the scale of lobbying expenditures and the company's active engagement in the political process may enable corporate influence that undermines democratic accountability. From an anti-fascist perspective, such influence is worrisome as it can facilitate the maintenance of power structures that may cater to authoritarian interests.
- JUN302024
The article details Bank of America's long-standing political contributions and lobbying activities, including multi-million-dollar lobbying expenses, contributions to both 527 and 501(c)(4) organizations, and robust public policy engagement. Although the contributions are reported as compliant with legal requirements and balanced between multiple political groups, the scale of involvement raises concerns about undue corporate influence over political processes.
-30
Political Contributions and Lobbying Efforts
April 1
Bank of America's comprehensive political contributions and lobbying efforts, including detailed reporting of donations to various political groups and significant federal lobbying expenditures, indicate a deep engagement in shaping public policy. While the contributions are balanced between political parties and managed under strict governance guidelines, the overall expansive corporate political activity can undermine democratic processes and contribute to excessive corporate influence.
-20
Regulatory Capture
April 1
The article also highlights how Bank of America restricts and manages trade association memberships and dues, which, alongside its lobbying expenditures, may foster an environment conducive to regulatory capture. Such practices, even though compliant with legal frameworks, illustrate economic and structural influence that can skew public policy in favor of corporate interests.
- JUN302024
The article outlines extensive political lobbying and contributions made by Bank of America, highlighting millions directed towards political activities and trade association memberships, raising concerns about corporate influence over democratic processes.
-35
Political Contributions and Lobbying Efforts
March 19
The disclosed political contributions and lobbying efforts, totaling millions for dues and federal lobbying expenses, suggest a significant degree of corporate influence on public policy. Although the process is transparent and contributions are balanced, the aggressive use of financial power to shape the political landscape is problematic from an anti-fascist perspective, as it can undermine democratic accountability and empower authoritarian tendencies.
- JUN302024
The article outlines Bank of America's structured approach to political activities, detailing multi-million-dollar lobbying expenses over recent years along with systematic contributions through its PAC program, 527 organizations, and 501(c)(4) entities. These efforts, despite being governed by internal compliance measures, demonstrate a significant exercise of corporate influence in public policy.
-40
Political Contributions and Lobbying Efforts
April 1
Bank of America's reported expenditures—such as nearly $3 million in federal lobbying expenses in 2023, along with structured contributions to political committees and organizations—illustrate a heavy reliance on corporate political spending. From an anti‑fascist perspective, the large-scale use of corporate funds to influence public policy may contribute to undermining democratic accountability and perpetuating power imbalances, even though these activities are conducted under rigorous compliance protocols.
- JUN262024
Bank of America's Modern Slavery Act Statement, published in June 2024, details comprehensive measures to combat human trafficking and modern slavery through robust labor rights protections, extensive supply chain due diligence, and mandatory employee training programs.
+80
Labor Relations and Human Rights Practices
April 1
The statement underscores a strong commitment to human rights by outlining robust policies, employee training, and adherence to international labor standards, which protect against forced labor and human trafficking.
+80
Supply Chain Ethics
April 1
The statement clearly outlines stringent supply chain due diligence measures, including supplier assessments and enforcement of a Supplier Code of Conduct, which mitigates risks associated with modern slavery.
- JUN262024
Bank of America issued its 2023 Modern Slavery Act Statement, affirming its commitment to combat modern slavery, forced labor, and human trafficking. The document outlines comprehensive employee training, supplier due diligence, and strict ethical guidelines to ensure respect for human rights across its operations and supply chains.
+80
Labor Relations and Human Rights Practices
April 2
The statement explicitly outlines strong policies regarding labor rights, including measures to prevent forced labor, child labor, and human trafficking. The robust emphasis on worker dignity, mandatory training, and clear compliance with international labor standards demonstrates a progressive commitment to human rights within its operations.
+70
Supply Chain Ethics
April 2
The document details rigorous supplier due diligence processes, emphasizing the enforcement of a Supplier Code of Conduct and continuous monitoring of supply chain risks related to modern slavery. This proactive approach to supply chain ethics marks a significant step in ensuring ethical business practices.
- JUN262024
Bank of America's Modern Slavery Act Statement details comprehensive measures to prevent forced labor and modern slavery, outlining robust internal policies, employee training, supplier due diligence, and continuous monitoring to ensure adherence to human rights standards.
+90
Labor Relations and Human Rights Practices
March 19
The statement demonstrates a strong commitment to labor rights and human rights practices. Bank of America's comprehensive internal protocols, including mandatory training, an Employee Code of Conduct, and continuous monitoring of labor conditions, reflect proactive measures to prevent forced labor and modern slavery.
+85
Supply Chain Ethics
March 19
The statement outlines rigorous supply chain ethics measures including the enforcement of a Supplier Code of Conduct, due diligence on suppliers, and regular monitoring to mitigate risks of forced and child labor. This proactive approach helps ensure ethical sourcing practices, though the global complexity of supply chains remains a challenge.
- JUN262024
The statement outlines Bank of America's robust commitment to combating modern slavery and upholding ethical labor and supplier practices through rigorous due diligence, training, and supplier codes of conduct.
+80
Labor Relations and Human Rights Practices
March 26
Bank of America's statement demonstrates a strong commitment to labor rights and human rights practices. The document details comprehensive employee training on modern slavery, strict adherence to ethical labor practices, and a clear stance against forced labor, effectively protecting workers' rights.
+70
Supply Chain Ethics
March 26
The statement details rigorous supply chain ethics policies including a Supplier Code of Conduct, stringent due diligence measures, and regular supplier assessments to mitigate risks of modern slavery. This reflects positively on the company's efforts to ensure ethical sourcing and supplier behavior.
- APR182024
Fifteen Republican attorneys general sent a letter to Bank of America CEO Brian Moynihan accusing the bank of discriminatory ‘de-banking’ practices that allegedly target individuals based on their religious or political identities, potentially undermining free speech and fair access to banking services.
-70
Public and Political Behavior
March 27
The letter by 15 AGs highlights alleged politically motivated discriminatory practices that target conservative clients. Such actions, if true, erode civil rights and free speech and contribute to an environment conducive to authoritarian censorship.
-40
Business Practices and Ethical Responsibility
March 27
The alleged business practice of de-banking based on political or religious identity raises serious ethical concerns. Such selective treatment questions the fairness and responsibility of the bank’s operational practices, contributing to a broader culture of discrimination.
- JAN012024
In 2024, Bank of America released a detailed Human Rights Statement outlining its commitment to international human rights standards, fair labor practices, inclusive workplace policies, and ethical business practices. The document emphasizes adherence to the United Nations Universal Declaration of Human Rights, ILO standards, and proactive engagement with employees, clients, and suppliers to prevent discrimination and human rights abuses.
+75
Labor Relations and Human Rights Practices
April 2
The statement clearly demonstrates Bank of America's commitment to upholding labor rights and protecting human rights in the workplace by detailing measures for equal employment opportunities, safe working conditions, and non-discrimination in line with international standards, thus aligning with anti-fascist and progressive values.
+70
Business Practices and Ethical Responsibility
April 2
The document outlines robust policies for responsible business practices including ethical engagement with suppliers and clients, supply chain due diligence, and proactive measures to prevent adverse human rights impacts, which contributes positively to anti-authoritarian economic practices.
- JAN012024
The human rights statement outlines Bank of America's commitment to respecting and advancing internationally recognized human rights. The document details comprehensive policies for preventing human rights abuses across operations, including risk assessments for labor, client relationships, and supply chain management, while emphasizing adherence to global standards such as the UN Guiding Principles on Business and Human Rights and ILO conventions.
+80
Business Practices and Ethical Responsibility
March 26
BofA's human rights statement demonstrates a proactive commitment to ethical business practices, emphasizing respect for human rights and adherence to international standards. The document outlines measures to address labor rights, safeguard client and supplier relationships, and mitigate human rights risks, reflecting a positive corporate stance against practices that could support authoritarianism.
- JAN012024
Bank of America Corporation published its comprehensive Human Rights Statement in 2024, outlining its commitment to respecting and advancing human rights in its operations, including robust labor practices and strict supply chain ethics.
+85
Labor Relations and Human Rights Practices
March 21
The statement emphasizes robust commitments to labor rights, including non-discrimination, safe working conditions, and support for unionization. It reflects a strong alignment with progressive labor practices, positively contributing to the resistance against authoritarian labor exploitation.
+80
Supply Chain Ethics
March 21
The statement details comprehensive policies for supply chain ethics, including stringent supplier due diligence measures, adherence to internationally recognized human rights standards, and proactive steps to prevent modern slavery. This reinforces a commitment to ethical sourcing and accountability across its supply chain.
- DEC312023
An OpenSecrets report reveals that Bank of America spent $2,920,000 on lobbying efforts in 2023. The data highlights extensive lobbying activities likely intended to influence federal policy, raising concerns about undue political influence.
-80
Political Contributions and Lobbying Efforts
April 1
The report indicates that Bank of America, which is associated with BofA Securities, spent nearly $3 million lobbying in 2023. This high level of political spending is problematic from an anti-fascist perspective as it may contribute to regulatory capture and support policies that favor authoritarian interests.
- DEC042023
BofA Securities was fined $24 million by FINRA after 717 instances of spoofing in the U.S. Treasury market were uncovered, highlighting significant failures in its internal supervisory systems and oversight mechanisms.
-80
Business Practices and Ethical Responsibility
March 27
BofA Securities' oversight failure led to systemic fraudulent trading (spoofing) in the U.S. Treasury market, with 717 documented instances and additional questionable trading activities, thereby undermining market integrity and ethical business conduct. This lack of robust internal controls reflects negatively on the firm’s commitment to ethical business practices.
- DEC042023
BofA Securities was sanctioned by FINRA with a $24 million fine after its former supervisor and junior trader were implicated in 717 instances of spoofing in U.S. Treasury securities, highlighting significant failures in the firm’s internal supervisory systems.
-60
Business Practices and Ethical Responsibility
April 1
BofA Securities exhibited unethical business practices by failing to implement adequate supervisory systems to detect and prevent spoofing, resulting in a significant FINRA penalty. This misconduct undermines market integrity and reflects a disregard for ethical responsibility, aligning with concerns over corporate behavior that can indirectly foster environments susceptible to authoritarian exploitation.
- DEC012023
B of A Securities faced a $24M fine by FINRA following revelations of inadequate supervision that allowed 717 spoofing incidents in U.S. Treasury markets between October 2014 and February 2021. The incident underscores significant deficiencies in its internal controls and highlights broader concerns regarding business ethics and regulatory compliance.
-60
Business Practices and Ethical Responsibility
March 25
The fine imposed on B of A Securities reflects a serious lapse in ethical business practices. The failure to implement robust monitoring and supervisory systems allowed extensive spoofing incidents, which not only damaged market integrity but also eroded public trust. This unethical behavior aligns with broader concerns about corporate complicity in undermining transparent and accountable financial practices, thereby indirectly supporting environments where authoritarian tendencies can flourish.
- DEC012023
Bank of America Securities, as part of its parent company's comprehensive approach to risk management, released an Environmental and Social Risk Policy Framework in December 2023. The document outlines strong due diligence processes, robust supplier and labor practices, and a commitment to upholding human rights and environmental sustainability, which collectively reflect ethical business practices and serve as a countermeasure against authoritarian influence.
+85
Business Practices and Ethical Responsibility
March 21
The Environmental and Social Risk Policy Framework demonstrates a robust commitment to ethical business practices by addressing labor relations, human rights, and supply chain ethics. The comprehensive policy framework reflects proactive measures to manage environmental and social risk in alignment with responsible growth. This is viewed positively from a left-leaning perspective, as it works to counter exploitative practices and promotes greater corporate accountability and transparency.
- NOV302023
U.S. regulators fined Bank of America $24 million after former traders from BofA Securities executed 717 spoof trades between 2014 and 2021, attempting to manipulate U.S. Treasuries markets. The fine underscores significant oversight failures in detecting manual spoofing, raising concerns about the firm’s ethical trading practices.
-60
Business Practices and Ethical Responsibility
April 1
The incident reveals unethical business practices as traders undertook intentional market manipulation via spoof trades. The substantial regulatory fine of $24 million highlights a failure in the firm's oversight and ethical responsibility, compromising market integrity and public trust.
UPDATE 1-US regulator fines Bank of America $24 mln for Treasuries spoofing
- NOV302023
BofA Securities was fined $24 million by FINRA for engaging in spoofing, a manipulative trading tactic that undermines market integrity and reflects unethical business practices.
-60
Business Practices and Ethical Responsibility
March 27
The FINRA fine for spoofing indicates a serious breach in ethical business conduct. Spoofing, as an act of market manipulation, undermines transparency and fairness in the financial sector, reflecting unethical practices. From an anti-fascist perspective that values corporate accountability and fairness, this incident represents a negative influence, eroding public trust and contributing to harmful economic practices.
BofA Securities Hit With $24M FINRA Fine for Spoofing - ThinkAdvisor
- NOV302023
FINRA fined BofA Securities $24 million following findings that, between 2014 and 2022, the firm engaged in 717 instances of spoofing in U.S. Treasury markets and failed to maintain an adequate supervisory system.
-40
Business Practices and Ethical Responsibility
March 27
The article reports that BofA Securities repeatedly engaged in unethical spoofing practices and supervisory failures over an extended period. This unethical behavior undermines market transparency and integrity, reflecting poor business practices that are detrimental from an anti-fascist and progressive standpoint.
FINRA Fines BofA Securities $24 Million for Treasuries Spoofing and Related Supervisory Failures
- OCT012023
BofA Securities, the investment banking division of Bank of America, has agreed to pay $11.5M to settle three employee wage suits. This settlement, addressing allegations of labor law violations, raises concerns about the company's labor relations and its broader implications for workers' rights and corporate accountability.
-40
Labor Relations and Human Rights Practices
March 25
The settlement of multiple wage lawsuits suggests that BofA Securities (and its parent institution) may have systemic issues in upholding fair labor practices. The fact that a significant monetary settlement was required to resolve these claims points to potential shortcomings in adhering to labor laws and protecting worker rights. Such practices can contribute to environments where workers are vulnerable, indirectly supporting authoritarian dynamics by weakening organized labor.
- SEP292023
The wage increase to $23-an-hour represents a progressive move in labor relations for Bank of America, positioning it as a leader among big banks. However, union organizers criticize the raise as insufficient to meet living wage standards, highlighting ongoing challenges in worker rights and union support.
+25
Labor Relations and Human Rights Practices
March 19
The reported increase in minimum wage to $23-an-hour is a positive step towards better labor practices, suggesting an effort to recognize and reward workers more fairly compared to competitors. Nonetheless, the continued call by union organizers for even higher wages and improved conditions indicates that significant issues remain in fully safeguarding worker rights and addressing broader labor challenges within the financial sector.
- JUN282023
BofA Securities, Inc. released its 2022 Modern Slavery Act Statement detailing robust internal policies, employee training, and supplier due diligence measures aimed at combating forced labor and modern slavery. The statement demonstrates a strong commitment to labor rights and ethical supply chain practices.
+80
Labor Relations and Human Rights Practices
March 19
The statement outlines comprehensive internal policies, employee training, and enforcement mechanisms ensuring the protection of workers' rights, including measures to prevent forced labor and exploitation. This proactive approach to labor relations and human rights practices demonstrates significant progress in ethical business practices.
+70
Supply Chain Ethics
March 19
The statement provides clear details on the company's due diligence and enforcement of a Supplier Code of Conduct to address and mitigate modern slavery risks within its supply chain. The measures include regular assessments and adherence to international standards, reflecting a strong commitment to ethical supply chain management.
- JAN012023
The article outlines Bank of America's detailed political activities during 2023, including contributions to 527 organizations, significant federal lobbying expenditures, and adherence to a structured internal policy. While the disclosures are transparent and compliant with legal guidelines, the sizeable lobbying expenses and controlled political contributions reflect a deep involvement in influencing public policy, which from an anti-fascist perspective raises concerns about corporate influence in democratic processes.
-10
Political Contributions and Lobbying Efforts
March 27
Even though Bank of America's political contributions and PAC activities are conducted transparently and in compliance with laws, the large sums allocated for lobbying and the structured yet impersonal approach to political contributions indicate a reliance on corporate influence to shape policy. This contributes to undermining democratic accountability and can entrench power structures that may be resistant to progressive reforms.
- JAN012021
B of A Securities, as part of Bank of America's broader operations, has implemented robust supplier management policies that promote environmental sustainability and supply chain transparency. By setting ambitious greenhouse gas reduction targets for major suppliers and engaging in regular performance reviews, the company demonstrates a commitment to ethical supply chain practices that align with anti-fascist and socially responsible values.
+80
Supply Chain Ethics
March 25
The company's supplier management policies prioritize environmental sustainability and transparency by requiring suppliers, which comprise 70% of its spend, to establish emissions reduction or renewable energy goals. This proactive approach to sustainable and ethical supply chain management enhances corporate accountability and opposes exploitative practices, aligning with anti-fascist principles that call for fair and responsible business practices.
- JUN262019
The article details Bank of America's measures to combat modern slavery within its operations and supply chain through robust policies, training programs, and vendor oversight, demonstrating a strong commitment to upholding labor rights and ethical practices.
+80
Labor Relations and Human Rights Practices
March 19
The Modern Slavery Act Statement outlines strong measures to support fair labor practices and human rights. Bank of America’s commitment to employee training, strict adherence to codes of conduct, and proactive risk management in its operations demonstrate an effective approach in protecting labor rights and combating forced labor and slavery.
+75
Supply Chain Ethics
March 19
The statement further details an extensive supply chain ethics framework, including a Third Party Program and an updated Vendor Code of Conduct aimed at preventing modern slavery practices. These measures reflect a proactive stance on ensuring ethical sourcing and preventing forced labor in the supply chain.
- APR232015
Glass Lewis urged Bank of America shareholders to support a proposal for full disclosure of lobbying expenses and political spending, but the bank recommended that shareholders vote against the proposals and support the re-election of a board member, reflecting resistance to transparency in its political activities.
-40
Political Contributions and Lobbying Efforts
April 2
The bank's recommendation to vote against proposals for increased disclosure of its political spending and lobbying activities undermines transparency and accountability, potentially facilitating undisclosed influence and authoritarian practices. This action resists progressive measures aimed at boosting corporate accountability in political contributions.
Alternatives
New York, United States
-12.03
Milwaukee, United States
-4.84
St. Louis, United States
-39.22
Tokyo, Japan
-26.20
Corporation
-49.30
Frankfurt, Germany
10.36
Sydney, Australia
8.26
Bala Cynwyd, United States
8.07
London, United Kingdom
-17.76
Corporation
67.05
Industries
- 523910
- Miscellaneous Intermediation
- 523999
- Miscellaneous Financial Investment Activities
- 525990
- Other Financial Vehicles
- 523110
- Investment Banking and Securities Dealing
- 523120
- Securities Brokerage
- 523900
- Other Financial Investment Activities
- 523930
- Investment Advice
- 523920
- Portfolio Management
- 523130
- Commodity Contracts Dealing