FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Bank of America Unit Fined by SEC for Failing to Report Suspicious Client Activity

By

Bank of America's (BAC) Merrill Lynch unit has been fined $7.5 million by the US Securities and Exchange Commission for failing to file reports to flag money laundering and other suspicious activity, Reuters reported Monday.

Merrill Lynch has accepted the civil fine but has neither admitted or denied any wrongdoing over failures to file suspicious activity reports from April 2020 to September 2024, according to the report.

Bank of America did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $58.20, Change: $+0.31, Percent Change: +0.54%

Related Articles

Wire

Market Chatter: Apple Loses Key Vision Pro Executive to OpenAI

Apple (AAPL) is losing its top hardware executive overseeing the Vision Pro headset and smart-glasses initiative to Microsoft-backed (MSFT) OpenAI, Bloomberg reported Friday, citing people familiar with the matter.Paul Meade, a vice president who has led hardware engineering for Vision Pro for seven years, is set to leave Apple by next week and will join OpenAI's to work on its AI-powered devices, the report said.Apple and OpenAI did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $281.27, Change: $+6.12, Percent Change: +2.22%

$AAPL$MSFT
Wire

Eon Resources Provides an Update on 2026 Drilling Program

Eon Resources (EONR) and its wholly owned subsidiary, LH Operating, provided an update on a Sept. 9 transaction, under which one or more subsidiaries of Virtus Energy Partners will drill up to 92 horizontal wells in the San Andres formation across Eon's 13,700 leasehold acres in the Grayburg-Jackson field in Eddy County, New Mexico, according to a statement Friday.Eon said it will release results of the newly drilled horizontal wells in Q1, after all 2026 horizontal wells are drilled.

$EONR
Wire

Rocket Lab Completes 10th Consecutive Satellite Launch for Synspective

Rocket Lab (RKLB) said late Friday it successfully completed its 10th consecutive satellite launch for Japan-based Earth observation firm Synspective.The "Ten Owl Of Ten" mission launched on Electron from Launch Complex 1 in New Zealand to a low Earth orbit, according to a statement.A specially-configured Electron fairing was developed for this launch to accommodate the StriX satellite's specific dimensions, the company said.Price: $84.25, Change: $+3.56, Percent Change: +4.41%

$RKLB