BofA Unit To Pay $9.8M In SEC Settlement
Bank of America Investment Services Inc., along with investment advisory firm Columbia Management Advisors LLC, will pay almost $9.8 million to resolve the claims, the SEC announced Thursday. The settlement includes more than $5.4 million in disgorgements, $3 million in penalties and $1.3 million in prejudgment interest.
The commission alleged that BAIS, which...
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