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Saturday, February 24, 2024
Courthouse News Service
Saturday, February 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Banc Of America Must Pay $10 Million

WASHINGTON (CN) - The SEC today ordered Banc of America Investment Services to pay nearly $10 million in fines and disgorgement for failing to tell clients that it put their mutual fund investments into two mutual funds associated with BAISI. The company made the misrepresentations and omissions from July 2002 through December 2004.

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