Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Bank of America Corporation. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
About This Investigation
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of shareholders of Bank of America Corporation (NYSE: BAC).
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 We Are Investigating
- Whether Bank of America Corporation and certain of its officers made false or misleading statements regarding the Company's financial condition and business prospects.
- Whether Bank of America Corporation failed to disclose material adverse information that would have been significant to a reasonable investor.
- Whether the Company's earnings guidance was supported by a reasonable factual basis at the time it was made.
What Investors Should Do
BAC — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
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.
We handle cases on a contingency fee basis — we advance all litigation costs on your behalf. There is no fee unless we are successful.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”