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BMO agrees to pay US$40 million to settle SEC charges on supervision failure

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Summary
Nutrition label

66% Informative

U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank’s alleged supervision failure in bond selling.

Regulator says the apparent issue allowed employees in the BMO Capital Markets division to allegedly sell mortgage-backed bonds using misleading metrics.

BMO spokesman says the bank holds itself to the highest standards of fair and ethical conduct.

VR Score

69

Informative language

68

Neutral language

60

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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