Report cites SEC time pressures in BofA case (AP)

A trader for Bank of America Merrill Lynch works on the floor of the New York Stock Exchange December 2, 2010. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)AP – Securities and Exchange Commission attorneys wanted to bring a case swiftly against Bank of America for allegedly misleading shareholders when it acquired Merrill Lynch, and as a result omitted significant violations from their initial charges, according to an agency watchdog report released Tuesday.

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