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Financial Misconduct

Conduct Screen Corporate Misconduct

Predatory financial practices that harm consumers, investors, or beneficiaries — deceptive fee structures, insurance claim denials, investor fraud, market manipulation, and financial products designed to extract value from unsophisticated counterparties. Distinct from corruption (which covers bribery/fraud against governments), predatory_lending (which specifically covers credit products), and anticompetitive (which covers market structure violations).

75 companies currently excluded under this screen

Excluded Companies (75 total)

Showing 71 of 75 companies excluded under this screen.

Ticker Company Reason
ACN ACCENTURE PLC DOJ False Claims Act investigation (pending 2024) — Accenture under federal investigation for alleged overbilling on US government contracts.
ADANIGREEN Adani Green Energy Limited DOJ and SEC indictments (November 2024) for defrauding US investors and securities fraud regarding false anti-corruption disclosures during a $750M bond offering
ADM Archer-Daniels-Midland Company SEC $40M accounting fraud settlement (Jan 2026) — SEC charged ADM and three former executives for accounting and disclosure fraud related to Nutrition segment performance metrics.
AIG AMERICAN INTERNATIONAL GROUP INC On February 9, 2006, AIG agreed to pay over $1.6 billion to settle charges with the SEC, DOJ, and other regulators related to accounting fraud and bid-rigging in the insurance industry.
AJG ARTHUR J GALLAGHER & CO On May 6, 2021, Arthur J. Gallagher & Co. agreed to pay $9 million to settle SEC charges for failing to disclose conflicts of interest related to its receipt of third-party payments in connection with...
AKAM AKAMAI TECHNOLOGIES INC Pomerantz Law Firm is investigating claims on behalf of investors of Akamai Technologies, Inc. concerning whether the company and certain officers and/or directors engaged in securities fraud or other...
ALL ALLSTATE CORP Allstate agreed to a $25 million class action settlement in a lawsuit alleging it improperly used price optimization to set auto insurance premiums for over 1.2 million California policyholders.
ALTS ALT5 SIGMA CORP Under active SEC scrutiny regarding failure to disclose auditor resignations and executive suspensions, as revealed in SEC EDGAR Form 8-K filings (August 2025).
AMP AMERIPRISE FINANCIAL INC SEC $50M investor protection settlement (2024) — Ameriprise charged with misleading wrap fee account clients about trading costs and fiduciary violations.
ANET ARISTA NETWORKS INC The SEC charged Arista Networks co-founder Andy Bechtolsheim with insider trading, resulting in a settlement where he agreed to pay a $923,740 penalty on March 26, 2024.
AON AON PLC On April 11, 2011, Aon Corporation agreed to pay $1.76 million to settle SEC charges related to improper payments made by its subsidiaries to secure insurance contracts in Costa Rica and Egypt.
APO APOLLO GLOBAL MANAGEMENT INC CLASS SEC $52.7M penalty (2016) for misleading fund investors on accelerated monitoring fees and personal expense charges by portfolio company executives.
AXP AMERICAN EXPRESS CO January 2025 DOJ settlement: $138.4M criminal NPA (wire fraud) + $108.7M civil FIRREA penalty for deceptive marketing of Payroll Rewards and Premium Wire products to small businesses 2018–2021; false ...
BA The Boeing Company Boeing breached its 2021 Deferred Prosecution Agreement (DPA) on 737 MAX fraud. DOJ filed criminal charges May 2024. Boeing agreed to $243.6M criminal penalty, $444.5M in victim compensation, and $455...
BEN FRANKLIN RESOURCES INC Western Asset Management Co. (WAMCO, Franklin Resources subsidiary): SEC charged former CIO Ken Leech with $600M+ trade allocation fraud (cherry-picking profitable trades for favored clients). DOJ par...
BK BANK OF NEW YORK MELLON CORP On September 20, 2022, the SEC charged Bank of New York Mellon Corporation for misrepresenting its forex trading practices, resulting in a $30 million settlement.
BLK BlackRock, Inc. SEC $2.5M penalty (2023) — BlackRock Advisors failed to disclose fund investments that posed conflicts of interest.
BX BLACKSTONE GROUP INC KY AG $56.8M + SEC $12M investor protection violations (2025) — Blackstone charged with misleading investors and inadequate disclosure of conflicts of interest in fund management.
CB CHUBB LTD Chubb Ltd. and its subsidiary Illinois Union Insurance Company agreed to pay a $1.3 million fine to the New York Department of Financial Services for violations related to insurance regulations.
CME CME GROUP INC CME Group incurred CFTC penalties for failure to adequately supervise trading platforms — inability to detect spoofing and failure to enforce market integrity rules among proprietary trading members. ...
CNC CENTENE CORP Centene Corp agreed to pay over $17 million to resolve False Claims Act allegations related to pharmacy benefit management services in Missouri.
CSSE CHICKEN SOUP FOR THE SOUL ENTERTAI Chicken Soup for the Soul Entertainment / Redbox parent filed Chapter 7 bankruptcy 2024; bankruptcy judge characterized fund transfers as potentially criminal misappropriation of assets
CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP On February 15, 2019, Cognizant Technology Solutions Corp. agreed to pay $25 million to settle SEC charges related to violations of the Foreign Corrupt Practices Act for authorizing a third party to m...
CVNA CARVANA CO On May 10, 2023, the SEC announced Carvana Co. agreed to pay $850,000 to settle charges related to misleading investors about its vehicle sales and revenue metrics between 2014 and 2017.
DV DoubleVerify Holdings Inc DoubleVerify: Sen. Warner FTC inquiry into ad verification practices; shareholder derivative lawsuit alleging misleading statements on measurement capabilities — awaiting CIO review
DVA DAVITA INC DOJ: DaVita agreed to pay $34.48M (July 2024) to settle False Claims Act allegations of paying kickbacks to induce referrals to DaVita Rx pharmacy subsidiary. Prior $350M settlement (2014) for paying ...
ERIE ERIE INDEMNITY CO The suit alleged that Erie Indemnity Co breached its fiduciary duty to Erie Insurance Group subscribers by charging an excessive management fee.
ETR Entergy Entergy Mississippi ordered to pay $300M by Mississippi Public Service Commission (2022) for consumer protection violations — one of the largest utility-sector consumer penalties on record; SEC impose...
FIS FIDELITY NATIONAL INFORMATION SERVICES INC On September 28, 2023, the SEC charged Fidelity National Information Services Inc. (FIS) with accounting fraud, alleging the company improperly recognized revenue from a 2015 acquisition, resulting in...
FISV FISV Fiserv Solutions LLC reached an $8.9 million settlement with the United States for improperly taking bulk mail discounts and failing to comply with USPS Move Update standards.
FLNA Filana Therapeutics Inc Cassava Sciences (now Filana Therapeutics) CEO Remi Barbier and CSO Lindsay Burns charged by SEC (2024) with securities fraud for making false and misleading statements about clinical trial results fo...
GEN Genesis Healthcare, Inc. Genesis Healthcare, Inc. agreed to pay $53.6 million to resolve allegations of submitting false claims to Medicare for medically unnecessary therapy and hospice services.
GPN GLOBAL PAYMENTS INC On September 30, 2021, the SEC charged Global Payments Inc. with violating the Foreign Corrupt Practices Act (FCPA) by making improper payments to foreign officials in China and Kazakhstan, resulting ...
HCA HCA HEALTHCARE INC HCA Healthcare Inc. agreed to pay $16 million to resolve allegations that it violated the False Claims Act by paying physicians above fair market value for their services.
HIG HARTFORD INSURANCE GROUP INC On March 23, 2020, Hartford Investment Management Company (a subsidiary of Hartford Insurance Group) agreed to pay $1.5 million to settle SEC charges for failing to disclose conflicts of interest rela...
HMC Honda Motor Company, Ltd. In January 2025, the CFPB ordered American Honda Finance Corporation to pay $10.3 million in consumer redress and a $2.5 million civil penalty for Fair Credit Reporting Act violations. Honda Finance f...
HOOD ROBINHOOD MARKETS INC On December 17, 2020, the SEC charged Robinhood Financial LLC with misleading customers about revenue sources and failing to satisfy its duty to seek the best reasonably available terms for customer o...
HSIC HENRY SCHEIN INC On March 2, 2023, Henry Schein Inc. agreed to pay $1.5 million to settle SEC charges for improper accounting practices related to its dental distribution business.
HUM Humana Inc Humana agreed to pay $3.1 million to resolve False Claims Act allegations regarding Medicare Advantage risk adjustment data.
IBKR INTERACTIVE BROKERS GROUP INC On May 22, 2023, Interactive Brokers LLC agreed to pay $38 million to settle SEC charges for failing to prevent manipulative trading by its customers.
ICE INTERCONTINENTAL EXCHANGE INC On November 14, 2018, the SEC settled charges against Intercontinental Exchange Inc. for failing to inform the SEC of a cyber intrusion, resulting in a $10 million penalty.
IVZ INVESCO LTD Invesco Ltd. agreed to pay $450 million in 2010 to settle SEC charges related to allowing market timing in its mutual funds, violating federal securities laws.
JKHY JACK HENRY & ASSOCIATES INC The PCAOB censured and fined Deloitte $500,000 for missing material accounting errors in three consecutive audits (2012, 2013, 2014) of Jack Henry & Associates.
MA MASTERCARD INC Mastercard agreed to merge its ATMs with competitor networks after the DOJ sued to block anticompetitive practices in 2020.
MCO MOODYS CORP On March 14, 2017, Moody's Corporation agreed to pay $864 million to settle SEC charges that it misrepresented risks in its credit ratings of mortgage-backed securities during the financial crisis.
MET METLIFE INC On September 28, 2016, the SEC charged MetLife Inc.'s subsidiary MetLife Securities Inc. with failing to disclose conflicts of interest to retail investors, resulting in a $25 million settlement.
MMC MARSH & MCLENNAN COMPANIES INC On January 31, 2005, Marsh & McLennan Companies Inc. settled with the SEC for $850 million over charges of bid rigging and price fixing in the insurance industry.
MTB M&T BANK CORP M&T Bank Corp agreed to pay $64 million to settle allegations it violated the False Claims Act by knowingly originating and underwriting mortgages that did not meet Federal Housing Administration requ...
NEE NextEra SEC class action and 11th Circuit litigation arising from abrupt 2023 resignation of CEO Eric Silagy following Matrix LLC dark money exposure; investors allege material misrepresentation
NOW SERVICENOW INC ServiceNow agreed to a $925,000 settlement in May 2024 to resolve a lawsuit alleging the company breached its fiduciary duties by retaining underperforming American Century target-date funds in its 40...
NTAP NETAPP INC NetApp sued Cloud Jumper for breach of contract after discovering undisclosed financial issues post-acquisition that caused Cloud Jumper's financial results to fall short of expectations.
NTRS NORTHERN TRUST CORP On March 11, 2020, Northern Trust Corporation agreed to pay $60 million to settle SEC charges for misleading disclosures and inadequate internal accounting controls related to its transition managemen...
PERI Perion Network Perion Network: 2024 securities class action alleging materially misleading statements about Microsoft Bing advertising partnership revenue — awaiting CIO review
PNC PNC Financial Services DOJ / CFPB $35M consent order January 2014: PNC Bank engaged in discriminatory mortgage pricing (redlining) — minority borrowers charged higher rates than similarly situated white borrowers
PRU PRUDENTIAL FINANCIAL INC On September 21, 2021, the SEC charged Prudential Financial Inc. with failing to adequately disclose conflicts of interest related to its mutual fund recommendations, resulting in a $18 million settle...
PTC PTC INC Two subsidiaries of PTC Inc. agreed to pay a $14.54 million penalty on February 16, 2016 to resolve foreign bribery charges related to improper payments to Chinese officials.
RAIFY RBI Raiffeisen Bank International is the largest Western bank still operating in Russia as of 2026. Its Russia-domiciled asset manager holds investments in sanctioned Russian state entities including Gazp...
RJF Raymond James Financial Multi-state settlement $12.4M (July 2023) for charging unreasonable commissions on small-dollar retail equity trades; ViolationTracker documents broader pattern of retail investor harm.
SCHW SCHWAB CHARLES CORP On June 13, 2023, Charles Schwab agreed to pay $187 million to settle SEC charges related to misleading customers about the costs and benefits of its robo-adviser product, Schwab Intelligent Portfolio...
SOND Sonder Holdings Sonder Holdings: Chapter 7 liquidation November 2025; shareholder derivative lawsuits alleging mismanagement and misleading financial projections — awaiting CIO review
SPGI S&P GLOBAL INC S&P Global Inc. agreed to pay $1.375 billion to settle U.S. Justice Department and state claims over its ratings of mortgage-backed securities before the 2008 financial crisis.
STT STATE STREET CORP On May 17, 2017, State Street Corporation agreed to pay over $64 million to settle SEC charges for misleading mutual fund and other custody clients by applying hidden markups to foreign currency excha...
TROW PRICE T ROWE GROUP INC On July 19, 2021, the SEC charged T. Rowe Price Associates, Inc. with failing to disclose a conflict of interest related to its mutual fund advisory business and agreed to pay $194 million to settle t...
UHS UNIVERSAL HEALTH SERVICES INC Universal Health Services Inc. and affiliates agreed to pay $117 million to resolve False Claims Act allegations for billing for medically unnecessary inpatient behavioral health services and failing ...
UNH UNITEDHEALTH GROUP INC UnitedHealth Group's OptumInsight paid $15 million in December 2022 to settle allegations it accepted kickbacks from a laboratory company in violation of the Anti-Kickback Statute.
VALE Vale S.A. 2023 SEC settlement ($55.9M) for systematically manipulating dam safety audits and publishing fraudulent ESG disclosures that concealed Brumadinho collapse risk while raising $1B+ in US debt markets
WMT Walmart Inc. Walmart agreed to pay $100M to settle FTC case regarding driver wages (February 2026); FTC alleged Walmart systematically underpaid truckers and misrepresented wage terms; part of a broader pattern of...
WTW Weight Watchers International Inc The FTC settlement order required WW International and Kurbo to delete personal information illegally collected from children under 13, destroy any algorithms derived from that data, and pay a monetar...
XYZ BLOCK INC Block, Inc. will pay a $40 million settlement to the New York Department of Financial Services for failing to prevent, detect, and address fraud on its Cash App platform.
ZION Zions Bancorp Zions (as ZB, N.A.) settled with the U.S. Department of Justice for facilitating telemarketing fraud. The bank was accused of being "willfully blind" to fraudulent merchants using its ACH processing s...
ZUARI Zuari Agro Chemicals Ltd SEBI settlement (2025): Rs 1.2 crore (~USD $144k) for accounting misrepresentation; settles multiple SEBI enforcement cases

The Naughty List

A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.

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