2004-07-17

Nowell, Paul. Banc of America Securities OKs SEC Penalty. phillyBurbs.com. March 10, 2004.

Banc of America Securities LLC could not produce an e-mail thread relating to issues being investigated by the SEC. The cost? A record $10 million fine. Having a product such as Recovery Manager for Exchange would've greatly facilitated their efforts finding that e-mail thread.