Bank of America faces securities fraud class action after $1.2 billion fine

A class action lawsuit has been initiated against Bank of America (BAC) by Glancy Prongay Wolke & Rotter LLP, representing investors who bought securities between August 2025 and October 2026. This legal action follows a $1.2 billion fine levied by the U.S. Treasury on October 13, 2026, for alleged anti-money laundering and sanctions law violations. Investors have until December 15, 2026, to apply for a lead plaintiff position.