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Tuesday, September 15, 2009

SEC - BofA Deal is NO Deal

A judge's condemnation of the Securities and Exchange Commission in rejecting its $33 million settlement with Bank of America over bonuses at Merrill Lynch dealt a stinging rebuke to an agency seeking to mend its image after its failure to detect Bernard Madoff's fraud scheme.

Judge's rejection of SEC deal with BofA deals setback to embattled agency and its chairman

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