Bank of America to pay $7.5M settlement to SEC for alleged reporting oversight
Fenergo executive: FIs should use AI to ensure consistency across business segments
Bank of America has agreed to pay a $7.5 million settlement to the U.S. Securities and Exchange Commission to resolve allegations that its Merrill Lynch subsidiary failed to submit some required suspicious activity reports because of an oversight. The SEC said that between April 8, 2020, and Sept. 10, 2024, Merrill Lynch did not file […]
