Defendant Name: Banc of America Mortgage Securities, Inc

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bank of America Corporation
SIC Code: 6021
CUSIP: 06050510

Initial Case Details

Legal Case Name SEC v. Bank of America, N.A., Banc of America Mortgage Securities, Inc., and Merrill Lynch, Fenner, Pierce & Smith LLC
First Document Date 06-Aug-2013
Initial Filing Format Civil Proceeding
Case Number 13-cv-00447
Allegation Type Securities Offering
Federal District Court North Carolina, Western District of North Carolina

Violations Alleged

Securities Act
Sec 5
Sec 17(a)(2)
Sec 17(a)(3)
Section 5(b)(1) Securities Act


First Resolution Date 25-Nov-2014
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp-pr2013-148 06-Aug-2013 Complaint
On August 6, 2013, the SEC filed a complaint regarding this matter. According to the SEC: "The Bank of America Entities misrepresented and omitted certain material facts regarding an RMBS, backed by more than $855 million of residential mortgages known as BOAMS 2008-A, that was offered and sold in 2008."
2013-148 06-Aug-2013 Press Release--Civil Action
SEC Charges Bank of America With Fraud in RMBS Offering
On August 6, 2013, the SEC announced that it "charged Bank of America and two subsidiaries with defrauding investors in an offering of residential mortgage-backed securities (RMBS) by failing to disclose key risks and misrepresenting facts about the underlying mortgages."
LR-22772 07-Aug-2013 Litigation Release
SEC Charges Bank of America Entities with Material Misrepresentations and Omissions in Connection with an RMBS Offering
On August 7, 2013 the SEC issued a litigation release announcing that it "filed a civil injunctive action against Bank of America, N.A. ("BANA"), Banc of America Mortgage Securities, Inc. ("BOAMS"), and Merrill Lynch, Pierce, Fenner & Smith, Inc. f/k/a Banc of America Securities LLC ("BAS") (collectively the "Bank of America Entities"). The Commission alleges that the Bank of America Entities made material misrepresentations and omissions in connection with the sale of residential mortgage-backed securities known as BOAMS 2008A."
court_doc52_13-cv-00447 25-Nov-2014 Court Docket Document
Final Judgment as to Banc of America Mortgage Securities, Inc.
On November 25, 2014, Federal District Judge Max O. Coburn Jr. entered final judgment against Bank of America Mortgage Securities, Inc. pursuant to the consent of Bank of America Mortgage Securities, Inc.
court_doc59_13-cv-00447 03-Jul-2018 Court Docket Document
Order Approving Plan Of Distribution For Bank Of America Mortgage Obligations Distribution Fund
The Court stated: "The Plan is approved and the Distribution shall be distributed in accordance with the Plan"
court_doc69_13-cv-00447 02-Jul-2020 Court Docket Document
The Court stated: "the Distribution Agent shall disburse the Net Available Distribution Fund in the amount of $119,758,536.86 to the six Eligible Claimants in accordance with the terms of the Distribution Plan and the motions"

Other Defendants in Action: