Bank of America’s $2.14 Billion Volume Ranks 27th as SEC Settlement Sends Shares Up 0.26%

On August 27, 2025, Bank of America (BAC) recorded a trading volume of $2.14 billion, ranking 27th in the market. The stock closed up 0.26% for the day, reflecting a muted reaction to regulatory developments despite heightened scrutiny.

The U.S. Securities and Exchange Commission (SEC) finalized a $515 million settlement with Bank of America and FleetBoston over mutual fund trading violations. The agreement resolves allegations that the bank facilitated abusive practices such as market-timing and late trading, which involved exploiting price discrepancies and processing trades after market close. Bank of America was forced to exit the stock clearing business in 2024 after selling its arm to a third party. Regulators also charged five former executives for failing to disclose secret trading arrangements, with three settling the case. The settlement marks one of the largest penalties in the mutual fund scandal, alongside a $160 million fee reduction for investors in Fleet’s Columbia funds.

The resolution underscores ongoing regulatory pressure on banks to address past misconduct. While the settlement avoids criminal charges for the bank itself, the reputational and operational costs could weigh on long-term performance. The exit from the clearing business and restrictions on marketing to abusive traders may limit future revenue streams. However, the market’s limited reaction suggests investors view the outcome as a resolution rather than a shock, with the stock’s modest gain indicating acceptance of the settlement’s scope.

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