Consumer reviews and reports on scam companies, bad products and services
Bank of America
Bank of America Fair Fund The SEC v Bank of America Fair Fund settlement is a scam! Internet
21st of Sep, 2011 by User932415
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, 2008 to Jan 16, 2009. 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 21,2011). The check was for $ 352.62! Does corporate greed win again? Or can stockholders ban together and sue?

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