A U.S. regulator on Monday fined Bank of America Corp. $5 million for failing to report over-the-counter options positions approximately 7.42 million times, making it harder to monitor markets for possible manipulative behavior. The Financial Industry Regulatory Authority said BofA Securities’ failures occurred from 2009 to October 2020, and included 26 options positions that exceeded…
Bank of America Is Fined $5 Million for Failing to Report 7.42 Million Options Positions
US Adds 559,000 Jobs as Firms Still Struggle to Fill Positions
WASHINGTON—U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy recovers from the pandemic recession. Last month’s job growth was above April’s revised total of 278,000, the Labor Department said Friday, yet well short of…
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