US SEC fines BofA's Merrill Lynch $7.5 million over suspicious activity reports

Mon, June 29, 2026 at 2:50 PM UTC

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June 29 (Reuters) - The U.S. Securities and Exchange Commission said on Monday it fined Bank of America's Merrill Lynch unit $7.5 million for failing to file numerous suspicious activity reports from April 2020 to September 2024.

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(Reporting by Jonathan Stempel in New York)

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Source: “AOL Money”