Bank of America Corp.'s mutual-fund adviser company, brokerage and clearing firm have agreed to pay a total of $375 million to settle regulators' charges of improper trading that hurt ordinary shareholders, authorities announced Wednesday. The $375 million payment, which includes $125 million in civil fines and $250 million in restitution, is the latest enforcement action over alleged mutual-fund trading abuses in an industrywide crackdown that began in September 2003.
February 10, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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