Bank of America Securities avoids prosecution over market manipulation case
By 
Oscar Gonzalez2025-09-19T19:32:00
The U.S. Department of Justice (DOJ) announced Thursday that it has declined to prosecute Bank of America Securities over lapses related to a spoofing scheme conducted by two former employees that went on for almost seven years.
The DOJ said it reached a resolution with BoAS over alleged market manipulation. BoAS agreed to disgorge $1.96 million in gains from the misconduct and pay $3.6 million fine to a victim compensation fund.
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