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SEC Again Defends $33M Deal Over Merrill Bonuses

By Erin Marie Daly ( September 9, 2009, 6:17 PM EDT) -- The U.S. Securities and Exchange Commission on Wednesday lobbied a federal judge for the second time for approval of a $33 million settlement over disclosure of bonuses Bank of America Corp. paid to Merrill Lynch & Co. Inc., arguing that the deal takes full account of the seriousness of the violation and the need for deterrence....

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