BAML fined after front-running findings

The US Commodity Futures Trading Commission has fined Bank of America Merrill Lynch $2.5m for failures of supervision and record-keeping, connected with an investigation by CME Group that found evidence of front-running.

  • By GlobalCapital
  • 25 Sep 2017

The CME Group market regulation department investigated the dollar interest rate swaps and block futures trading desk at Bank of America, NA (BANA) in 2009 and 2010, to ask whether traders ever traded ahead of enquiries about futures block trades.

The investigation found that traders "made misleading statements and ...

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