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BMO to Pay US$40.7 Million in SEC Settlement Over Misleading CMO Bond Sales
Bank of Montreal (BMO) will pay US$40.7 million to settle SEC charges of misleading investors about its Agency CMO bonds by misrepresenting collateral information from December 2020 to May 2023, resulting in inflated marketing materials and potential investor harm.
BMO to Pay US$40.7 Million in SEC Settlement Over Misleading CMO Bond Sales
Bank of Montreal (BMO) will pay US$40.7 million to settle SEC charges of misleading investors about its Agency CMO bonds by misrepresenting collateral information from December 2020 to May 2023, resulting in inflated marketing materials and potential investor harm.
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40% Bias Score
Reduced Inequality