SAN FRANCISCO - BankAmerica Corp. said it will refund about $3 million to some customers of a securities unit formerly owned by Security Pacific Corp. following a probe of the unit's trading and investment practices.

In a statement released earlier this week, the San Francisco-based bank company said it had determined that the Sequor Group made unauthorized investments of customer funds. Although the statement said no customers were harmed, sources said the motive was to boost Sequor's own profits.

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