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: Yahoo Law News

SEC to review if BofA broke the law: report (Reuters via Yahoo! News)

By Wire Services

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The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

Full post as published by Yahoo Law News on April 14, 2009 (boomark / email).

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