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Ex-Bank of America Trader Pleads Guilty to Treasury Spoofing

A former trader at Bank of America Corp.’s Merrill Lynch unit admitted to manipulating Treasury prices through a spoofing scheme.

Tyler Forbes, 27, pleaded guilty in federal court in Brooklyn Friday to working to rig the prices of Treasuries traded on the secondary market, consisting mostly of two-and-three-year notes, from January to June 2019.