(Reuters) – Three investment bankers from India’s Bank of America have left the company as it investigates allegations of misconduct in share sales, a source familiar with the matter said.
The departure was first reported by the Financial Times.
A whistleblower complaint alleged that Bank of America shared non-public information with some investors before selling about $200 million worth of stock for some clients in India, according to a Wall Street Journal report in September.
The bank is conducting an internal investigation, said the source, who declined to be identified discussing human resources matters.
In September, BofA said it takes complaints seriously and investigates them thoroughly.
