BofA Swaps Desk Investigated by CFTC, DOJ, Filing Disclosed
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Bank of America Corp.’s handling of futures trades has been investigated by the U.S. Department of Justice and the Commodity Futures Trading Commission, according to a regulatory filing in June.
The probe, reported earlier today by Reuters, was disclosed in a June 14 notice included in the Financial Industry Regulatory Authority BrokerCheck report on Eric Alan Beckwith, a former employee of Bank of America and its Merrill Lynch subsidiary. Bill Halldin, a spokesman for Charlotte, North Carolina-based Bank of America, declined to comment.