Defendant Name:
Banc of America Securities LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
34-68023
Document Details
Legal Case Name
In the Matter of Banc of America Securities LLC with Merrill Lynch, Pierce, Fenner & Smith Incorporated as Successor
Document Name
Order Amending Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Sections 15(b)(4) and 21C of the Securities Exchange Act of 1934
Document Date
09-Oct-2012
Document Format
Administrative Proceeding
Allegation Type
Insider Trading
Document Summary
On October 9, 2012, the SEC amended its earlier 2007 Banc of America Securities LLC ("BAS") Order as agreed to in the Amended Offer of Merrill Lynch, Pierce, Fenner & Smith Incorporated as Successor to BAS. Among other things, the amended order stated that "henceforth the successors and assigns of BAS shall comply with all orders, addenda and undertakings in SEC v. Merrill Lynch, Pierce, Fenner & Smith Inc., 03 Civ. 2941 (WHP) (S.D.N.Y. April 28, 2003), as modified on March 15, 2010".
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Various undertakings
Fair Funds
Plan of Distribution
Monetary Penalties:
Total Penalty
Individual:
$26,000,000.00
Shared: