Judge accepts S.E.C.’s settlement with Bank of America

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In a ruling that freed Bank of America from some of its legal problems, a federal judge on Monday “reluctantly” approved a $150 million settlement with the Securities and Exchange Commission.

But even as the judge, Jed S. Rakoff of the Southern District of New York, approved the settlement, he delivered harsh words for the S.E.C., saying that the agreement was “half-baked justice at best.”

Full story: Judge Accepts S.E.C.’s Settlement With Bank of America via