My family owns stock in Bank of America. The SEC fined Bank America $150 million for breaking rules around the purchasing of Merril Lynch. The stockholders were supposed to be compensated for their losses from Dec 31 to Jan 16. Our family lost $79,626 in BOA stock value in this period, and the stock has not recovered. We finally received our settlement check yesterday, (Sept 21). The check was for $ 352.62!
Does corporate greed win again? Or can stockholders ban together and sue?
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