TD Bank Group to Pay Over US$28 Million for Market Manipulation

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Finance News

TD Bank Group,Market Manipulation,Spoofing Orders

TD Bank Group has agreed to pay more than US$28 million to settle an investigation into manipulation of the U.S. Treasuries market by one of its traders. The bank admitted that a former employee created a false appearance of supply or demand in the market by placing and cancelling bids, known as spoofing orders.

TD Bank Group has agreed to pay more than US$28 million to settle an investigation into manipulation of the U.S. Treasuries market by one of its traders. TD Bank Group has agreed to pay more than US$28 million after an investigation into manipulation of the U.S. Treasuries market by one of its traders.

TD says it takes regulatory and employee conduct violations very seriously, and that it reported the employee and fired him and has since enhanced its monitoring and compliance capabilities.The smell of sage and sweetgrass floated in the air Monday over a mostly sombre ceremony to reflect on the legacy of residential schools and remember those who survived — and the thousands who didn't.

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