Thursday, 15 October 2026 01:00 PM
Class Action
NEW YORK CITY, NY / ACCESS Newswire / October 15, 2026 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bank of America Corporation ("Bank of America" or "the Company") (NYSE:BAC). Investors who purchased Bank of America securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-investigation.
Bank of America Investigation Details
On October 13, 2026, the U.S. Department of the Treasury announced more than $1.21 billion in penalties against Bank of America for violations of federal anti-money laundering and sanctions laws. According to regulators, Bank of America failed to properly monitor trillions of dollars in transactions and timely report more than $5 billion in suspicious activity, including over $1 billion involving potential national security risks, Chinese money laundering networks, and illicit financial activity along the U.S.-Mexico border. The Financial Crimes Enforcement Network (FinCEN) imposed a $1.2 billion penalty, while the Office of the Comptroller of the Currency (OCC) assessed a $750 million penalty credited toward the FinCEN assessment. Regulators further alleged that Bank of America maintained deficient compliance controls and failed to adequately address previously identified weaknesses in its anti-money laundering program. Following the announcement, Bank of America shares reportedly declined more than 2% in after-hours trading on October 13, 2026.
What's Next for Bank of America Investors?
If you are aware of any facts relating to this investigation or purchased Bank of America securities, you can assist this investigation by visiting the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911
No Cost to Bank of America Investors
We, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Bank of America Securities Investigation?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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Prior results do not guarantee similar outcomes.
SOURCE: Bronstein, Gewirtz & Grossman, LLC