Bank of America Corp. agreed to pay $7.5 million to the U.S. Securities and Exchange Commission (SEC) to settle allegations tied to reporting lapses at its Merrill Lynch brokerage, according to Bloomberg.
The SEC alleged Merrill Lynch failed to properly file all required suspicious activity reports, according to an administrative action filed Monday.
Bank of America to Pay SEC $7.5 Million to Settle Reporting Lapse Allegations
2026-06-29 19:52:49
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