05:10 PM EDT, 09/18/2025 (MT Newswires) -- Bank of America Corp's ( BAC ) unit BofA Securities, Inc. has agreed to resolve a criminal investigation into alleged market manipulation by former employees under the Justice Department's corporate enforcement policy, the agency said Thursday.

The DOJ said it declined to prosecute the firm, which will disgorge about $1.96 million and contribute $3.6 million to a victim compensation fund.

The investigation found that from 2014 through 2020, two former traders manipulated the U.S. Treasuries cash and futures markets through spoofing. One trader pleaded guilty in 2022.

The DOJ said BofA voluntarily self-disclosed the misconduct, cooperated fully, and implemented remediation measures, including upgrades to compliance and surveillance systems.