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BOFA Securities resolves criminal investigation that includes supposed market manipulation systems

Bofa Securities, Inc. (Boas) has agreed to resolve a criminal investigation involving alleged market manipulation programs by former Boas officials in accordance with the corporate imposition of criminal division and voluntary policy of self-revelation (CEP).

As part of the resolution, the Ministry of Justice refused to expel the Boas and the Boas will weaken about $ 1.96 million and contribute about $ 3.6 million to a victims’ compensation fund that will create and manage.

The investigation by the Ministry of Justice found that from November 2014 to about April 2020, two Boas traders at the US Treasuries’ US Treasuries Office that are distinguished by plans to handle the secondary market (or “cash”) and one of them for the sake of one of them. They enter spoof – which are the provisions that have been placed without promoting Tine in the the Time.

Collectively, these two former employees entered more than a thousand suspicions candidate orders during the relative period.

One of the traders, Tyler Forbes, said guilty in April 2022 to handle US title prices.

In May 2025, the Ministry of Justice revised CEP to increase transparency and encourage voluntary self-revelation.

The Ministry of Justice announced today that it resolves its investigation against Boas after examining the factors set in the updated CEP, including

  1. The timely and voluntary self-discovery of Boas for the offense.
  2. The full and preventive cooperation of Boas on this issue, including the provision of all known events related to the offense.
  3. the nature and severity of the offense.
  4. The timely and appropriate restoration of the Boas, including the termination of the lower trader, the internal review of the negotiation of all traders in the Treasuries’ US Office, the internal revision of the compliance program and internal controls, integrated and systematic analyzes, Strengthens the compliance program and the implementation of external test tests.
  5. absence of aggravating circumstances; and
  6. Boas’s agreement to withdraw its profits and provide compensation for the victims.