BofA, Others Eye Settlements In SEC Muni Probe

Law360, New York (November 2, 2009, 4:24 PM EST) -- The U.S. Securities and Exchange Commission is reportedly engaging in settlement talks with several large financial firms, including UBS AG and Bank of America Corp., following a recent crackdown by the agency over bid-rigging in municipal bond sales.

The Wall Street Journal reported Monday that UBS and BofA are among the financial giants working to resolve the investigation with the SEC, citing “people familiar with the matter.”

A spokesman for the SEC did not respond to a request for comment, while UBS and BofA could not...
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