Monday, January 11, 2010

SEC expands charges against BofA

http://finance.yahoo.com/news/SEC-expands-charges-against-apf-2636016521.html?x=0&sec=topStories&pos=main&asset=&ccode=

So why bother?


The Securities and Exchange Commission announced Monday it had asked a federal judge in Manhattan to allow it to file the new charges against the biggest U.S. bank. But the SEC also said it wouldn't charge any individual Bank of America officials, directors or attorneys because they are not alleged to have "deliberately concealed" information from the bank's outside attorneys or otherwise acted with intent to mislead.