Bank of America hires ex-SEC official Gary Lynch

NEW YORK (Reuters) – Bank of America said it has hired Gary Lynch, a former director of enforcement at the U.S. Securities and Exchange Commission, to head its legal, compliance, and regulatory relations efforts.

Lynch was previously chief legal officer at Morgan Stanley.

Like many big banks, Bank of America is dealing with multiple legal and regulatory issues now, including challenges to its procedures for foreclosing on homes and new rules that affect everything from debit cards to retail brokerage.

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