BofA to pay $12.5 mln SEC fine for causing 'mini-flash crashes'
September 26, 2016 at 11:56 AM EDT
Sept 26 (Reuters) - Bank of America Corp agreed to pay a $12.5 million fine to settle U.S. regulatory charges that its Merrill Lynch unit's controls failed to prevent erroneous trading orders, causing "mini-flash crashes" in companies' stocks.
