BofA Avoids SEC 'Bad Actor' Label After $17B Mortgage Deal
By Ed Beeson ( November 26, 2014, 6:31 PM EST) -- The U.S. Securities and Exchange Commission on Tuesday broke through an internal impasse and granted Bank of America Corp. and its Merrill Lynch brokerage business a reprieve from being barred from certain securities dealings as "bad actors" following a $16.7 billion mortgage settlement, but only if the firms comply with certain requirements first....
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