TD Bank of Canada settles $20M for spoofing-related allegations, addressing U.S. regulators' concerns.
TD Bank of Canada will pay more than $20 million to settle allegations related to "spoofing," a trading practice where false orders are placed to manipulate market prices. This resolution addresses concerns raised by U.S. regulators about the bank's trading activities. The settlement underscores the ongoing scrutiny of deceptive practices in financial markets.
September 30, 2024
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