Apparent fake filing says artist bought $88 billion of Bank of America stock

Apparent fake filing says artist bought $88 billion of Bank of America stock
 

In the latest apparent spoof on a U.S. securities regulator's online filing system, a Chicago-area artist with a fondness for inspirational quotes claimed to have acquired about $88 billion worth of Bank of America Corp shares on Wednesday.
The filing did not appear to influence the stock price of the second-largest U.S. bank, which joins companies including Avon Products Inc, Integrated Device Technology Inc and Berkshire Hathaway Inc to have had fake filings attached to their ticker symbols on the U.S. Securities and Exchange Commission's Edgar system.
While the SEC did not respond to a... read more

 
19 October 2016 in World News, Views: 63
Source: Reuters
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