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The CFTC and the bank have settled charges of “attempted manipulation and false reporting” via the ISDAFIX benchmark.
The U.S. CFTC has imposed a $30 million penalty against Bank of America, N.A. for alleged attempted manipulation and false reporting of the U.S. dollar ISDAFIX benchmark. The CFTC’s order, which both files and settles the charges against BofA, alleges that, beginning in January 2007 and continuing through December 2012, the bank “made false reports...
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