News Flash- BoA Fires Fund Chief,Three Brokers in Scandal

Bank of America has been busy doing damage control in the wake of New York State Attorney General Eliot Spitzer's probe into its and four other fund companies' trading policies. The bank has fired Robert Gordon, director of mutual funds, and two other top salespeople named in Spitzer's complaint, including Theodore C. Sihpol III, a broker who worked in BoA's New York office for high-net-worth clients, and Charles Bryceland, head of brokerage and private banking. Broker Mike Tierney and sales supervisor Kathy Tubiolo have also been let go. Rich DeMartini, head of asset management and also named in Spitzer's suit, had not lost his job as of press time.