BofA Securities Establishes Restitution Fund Following Investigation into Treasury Market Manipulation
BofA Securities, Inc. (BofAS) is establishing a restitution fund to compensate parties affected by alleged price manipulation in U.S. Treasury securities and futures markets. The misconduct was linked to two former employees who engaged in schemes between November 2014 and April 2020 by placing orders without the intent to execute them. The Department of Justice (DOJ) concluded its investigation on September 17, 2025, issuing a declination letter to BofAS and declining to prosecute the firm. As part of the resolution, BofA Securities has agreed to contribute $3,603,819.09 to compensate eligible claimants impacted by adverse price movements caused by the former employees' activities.
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Topics: Department of Justice market manipulation restitution fund U.S. Treasury securities