A U.S. Judge rejected a Bank of America Corp settlement with the SEC and ordered a trial, according to a court document

* Judge says proposed settlement is neither fair, reasonable or adequate

* Judge says settlement does not comport with the most elementary notions of justice and morality

* Judge says Bank of America never actually provided the information the court requested

* Judge calls the proposed settlement a contrivance designed to provide SEC with the facade of enforcement and Bank of America a quick resolution of an embarrassing inquiry at shareholder expense

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