U.S. regulator fines Bank of America $24 mln for Treasuries spoofing, ET LegalWorld | Court Practice News


A U.S. regulator said on Thursday it fined Bank of America $24 million for engaging in more than 700 instances of “spoofing” through two former traders in U.S. Treasuries, and for related supervisory failures over more than six years.

  • Updated On Nov 30, 2023 at 10:44 PM IST

A U.S. regulator said on Thursday it fined Bank of America $24 million for engaging in more than 700 instances of “spoofing” through two former traders in U.S. Treasuries, and for related supervisory failures over more than six years.

The Financial Industry Regulatory Authority said the unit, BofA Securities, did not admit or deny wrongdoing in agreeing the fine.

  • Published On Nov 30, 2023 at 10:39 PM IST

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