http://money.cnn.com/2018/03/23/investing/bank-of-america-settlement-ny-attorney-general/index.html
The bank admitted on Friday to "systematically misleading clients" between 2008 and 2013 about how orders were handled for more than 4 billion shares of stock.
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The investigation uncovered an email from a Bank of America executive that explained a desire to increase the volume of trades to electronic market makers "based on other revenue opportunities being discussed with them." It's not clear what those opportunities were.
Wall Street firms "cannot use new technology to exploit their clients in service of their business relationships with large industry players," Schneiderman said.
Authorities said Bank of America carried out the "fraud" by reprogramming its electronic trading system to "automatically doctor" trade confirmation messaging sent back to clients.