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Bank of America to pay $24M over failure to detect Treasury manipulation

Bank of America to pay $24M over failure to detect Treasury manipulation
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

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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. ....

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