Bank of America Reaches Deal with SEC in Merrill Disclosure Case

News broke this morning that Bank of America and the Securities and Exchange Commission have come to an agreement regarding the disclosure of information in the Merrill Lynch bonsus case.

The order, according to CNBC.com, would allow the SEC to share information broadly with other regulators, essentially serving as a “broad waiver” of BofA’s attorney-client privileges.

Follow the link to learn more about Bank of American’s deal with the SEC.