SEC explains resolution of BofA's disclosure violations

11/30/2010 | Bloomberg

H. David Kotz, inspector general at the Securities and Exchange Commission, said in a report to Congress that the agency extended "favorable" terms to Bank of America to resolve violations of disclosure regulations related to its acquisition of Merrill Lynch. The SEC waived a penalty because Bank of America had received government funds and the move could have adversely affected financial markets.

View Full Article in:


Published in Brief: