2013-12-15cnbc.com

``Bank of America has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold... The SEC said Merrill failed to tell investors that hedge fund firm Magnetar Capital LLC exercised significant influence in choosing collateral underlying two $1.5 billion CDOs, Octans I CDO in 2006 and Norma CDO Iin 2007.''


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