NY-AG v. Bank of America Merrill Lynch

Bank of America Merrill Lynch allegedly engaged in a multi-year fraud in connection with the operation of its electronic trading division. According to NY-AG, BofAML systematically concealed that it was routing millions of client orders for equity securities to ELPs. BofAML also allegedly made inaccurate representations to investors about BofAML’s electronic trading services.

Summary generated from official New York Attorney General press release