DOJ, SEC Accuse Bank of America of Lying to Investors — The National Law Journal

The U.S. Department of Justice on Tuesday filed suit against Bank of America Corp. and its affiliates, accusing them of lying to investors about the riskiness of residential mortgage-backed securities. In a parallel civil action, the U.S. Securities and Exchange Commission filed a lawsuit lodging similar allegations.

via DOJ, SEC Accuse Bank of America of Lying to Investors — The National Law Journal