Bank of America Investigation Overview
BFA is investigating whether Bank of America Corporation committed securities fraud and whether certain senior officers breached their fiduciary duties relating to violations of the Bank Secrecy Act and anti-money laundering laws. Investors may be able to file a lawsuit to potentially recover losses.
If you lost money on your Bank of America investment, or are a current holder of Bank of America stock, you are encouraged to submit your information using the form on this page. You may also email adam@bfalaw.com or call 212.789.3619.
Why is Bank of America being Investigated?
Bank of America is being investigated for securities fraud, and its senior officers are being investigated for breaches of fiduciary duty, following a significant stock drop. The decline in Bank of America’s stock price caused significant losses to investors.
Bank of America is one of the world’s largest financial institutions and is the second largest bank in the United States.
BFA is investigating securities fraud and breach of fiduciary duty claims relating to Bank of America’s violations of Bank Secrecy Act and anti-money laundering laws.
Why did Bank of America’s Stock Drop?
On October 13, 2026, the U.S. Treasury Department announced more than $1.21 billion in penalties against Bank of America for violations of sanctions and anti-money laundering laws. The fines represent the third largest penalty in Treasury Department history and the largest in the history of the Office of the Comptroller of the Currency.
Following the news, Bank of America shares fell approximately 4.76% on October 14, 2026.
Bank of America ($BAC) Stock Chart
Image Caption: NYSE stock chart showing Bank of America’s stock drop on October 14, 2026.
How Do I Submit My Information?
If you lost money when Bank of America securities dropped in price, or are a current holder of Bank of America stock, you are encouraged to submit your information using the form on this page to speak with an attorney about your rights.
You can also contact:
Adam McCall
adam@bfalaw.com
212.789.3619
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of the class action lawsuit. The firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS.
BFA attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360, and “Super Lawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
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