BAML slapped a second time with $42 million fine for masking orders
Bank of America Merrill Lynch admits masking millions of orders and will pay $42 million for the second time this year.
Bank of America Merrill Lynch admits masking millions of orders and will pay $42 million for the second time this year.
BAML made agreements with HFT firms including Citadel Securities and Two Sigma to secretly route client orders.