Skip to Primary Navigation

Skip to main content

BofA Securities resolves criminal investigation under revised CEP

Image of a clock saying "Bank of America."
Photo: Smith Collection/Gado/Getty Images

Julie DiMauro

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

DOJ said it didn’t prosecute BofA Securities because the latter promptly self-reported and cooperated, calling it an early test of revised corporate enforcement policy.

The US Department of Justice (DOJ) said an investment banking arm of Bank of America Corp. will pay roughly $5.6m to resolve a criminal investigation into market manipulation allegations involving two former traders on its US Treasury desk at Bank of American Securities Inc. (BofA Securities).

More specifically, the two

, , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience