NEW YORK (Reuters) – A U.S. regulator said on Thursday it fined Bank of America $24 million for engaging in more than 700 instances of “spoofing” through two former traders in U.S. Treasuries, and for related supervisory failures over more than six years.
The Financial Industry Regulatory Authority said the unit, BofA Securities, did not admit or deny wrongdoing in agreeing the fine.
(Reporting by Jonathan Stempel in New York)
