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TD Bank Settles Spoofing Investigation with $20 Million Payment

  Toronto-Dominion Bank (TD Bank) has agreed to pay over $20 million USD to settle an investigation by U.S. authorities into fraudulent trading practices known as “spoofing.” This settlement resolves allegations that a former TD Bank trader engaged in deceptive tactics to manipulate the U.S. Treasuries market. The investigation revealed that the trader placed large orders with the intent to cancel them before execution, creating a false impression of market demand. This practice, known as spoofing, is illegal under U.S. law as it undermines market integrity and investor confidence. TD Bank’s settlement includes both fines and restitution, reflecting the seriousness of the misconduct. The bank has stated its commitment to maintaining high ethical standards and has taken steps to enhance its compliance and oversight mechanisms to prevent future violations. This case is part of a broader crackdown by U.S. regulators on spoofing and other forms of market manipulation, aiming to ensure fair
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Iran Fires Air Defenses at Isfahan Base and Nuclear Site After Drones Spotted



In a dramatic turn of events, Iran’s air defenses were activated early Friday morning near the central city of Isfahan. The reason? Suspected Israeli attack drones were spotted in the vicinity of a major air base and a nuclear site. The incident comes as a retaliation for Tehran’s unprecedented drone-and-missile assault on Israel.

While no Iranian official directly acknowledged the possibility of an Israeli attack, tensions have been running high since the Saturday assault on Israel during its conflict with Hamas in the Gaza Strip. Israel has also been targeting Iran in Syria, further escalating the situation.

Italian Foreign Minister Antonio Tajani revealed that the U.S. received “last-minute” information from Israel about the attack on Isfahan. However, U.S. Secretary of State Antony Blinken clarified that the U.S. was not involved in any offensive operations.

The apparent attack coincided with Iranian Supreme Leader Ayatollah Ali Khamenei’s 85th birthday. Israeli politicians have hinted at their country’s involvement in the incident, but the Israeli military has remained silent on the matter.

Air defense batteries were activated in several provinces as reports of drones circulated. Iranian army commander Gen. Abdolrahim Mousavi confirmed that crews targeted several flying objects. Fortunately, the explosion in the sky of Isfahan caused no damage.

The Isfahan air base, which houses Iran’s fleet of American-made F-14 Tomcats, was one of the targets. Additionally, the nuclear site near Isfahan, known as the Uranium Conversion Facility, was also under scrutiny. This facility handles fuel production and other activities related to Iran’s civilian nuclear program.

As tensions continue to simmer, the situation remains precarious. The world watches closely, hoping for a de-escalation of hostilities between Iran and Israel.

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