Archive for August 4th, 2009

Bank of America Fined $33 Million: This Is Justice? »

Here’s the story: The Securities and Exchange Commission (SEC) accused Bank of America of concealing information from investors regarding bonuses paid to Merrill Lynch execs prior to the Bank’s take-over of Merrill. Bank of America has settled the issue by paying $33 million to the federal government, without admitting any wrongdoing. SEC officials say...
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