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bank of america fined: US regulator fines Bank of America $24 million for Treasuries spoofing

Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a direction they favor, and induce transactions that other traders would otherwise would not make. ....

United States , Sidney Lebental , Tyler Forbes , John Pacilio , Financial Industry Regulatory Authority , Bofa Securities , North Carolina Based , Edward Bases , Bank Of America Fined , Bank Of America , Treasuries Spoofing ,

US regulator fines Bank of America $24 million for Treasuries spoofing

NEW YORK -Bank of America has been fined $24 million after two former traders placed phony spoof trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority.
-November 30, 2023 at 11:57 am EST
- MarketScreener ....

United States , New York , Sidney Lebental , John Pacilio , Tyler Forbes , Jonathan Stempel , Richard Chang , Bofa Securities , North Carolina Based , Edward Bases ,