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Legal Commentary

: Res ipsa loquitur

Bank of America Misleads Investors Over $5.8 Billion in Bonuses ? SEC Fines Company $33 Million and Executives Keep Jobs and Bonuses

By jonathanturley

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The Securities and Exchange Commission has a curious concept of punishment. Bank of America is accused of misleading investors about $5.8 billion in bonuses paid to top executives at Merrill Lynch. The SEC responds with a penalty of a $33 million settlement. What is wonderful about this “constructive conclusion” is that the Bank of [...]

Full post as published by Res ipsa loquitur on August 05, 2009 (boomark / email).

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