News

Feds probed BofA trading practices

By Sun-Times Wire

Federal agencies have investigated whether Bank of America engaged in improper trading by performing its futures trades ahead of its clients’, Reuters reports, citing a June regulatory filing. The probe came to light in connection with a FINRA BrokerCheck report on former BofA employee Eric Beckwith. Investigators also are looking into whether Beckwith “provided accurate information” for an inquiry into the matter by the Chicago Mercantile Exchange.

via Reuters

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