According to the coast guard, the investigation will examine the circumstances of the sinking and offer recommendations to improve the safety of similar vessels.
The Bounty sank approximately 145 kilometres southeast of Hatteras, NC, sweeping Capt. Robin Wallbridge overboard in hurricane-churned waters. The body of the 63-year-old captain was never recovered.
The coast guard rescued 14 crew members after they abandoned the ship in two life-rafts, but 42-year-old Claudene Christian later died after the rescue.
The 54-metre replica tall ship was built in Lunenburg, NS in 1960 to be used in the 1962 Marlon Brando film Mutiny on the Bounty.
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