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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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Look Up Tuesday Night for the Full Pink Moon

 

The Pink Moon is set to grace the night sky this week, and it’s a celestial event worth observing. On Tuesday night, precisely at 7:49 p.m. EDT, the Moon will be in its full phase, marking April’s Full Moon. However, according to NASA, observers will notice that the Moon appears full for approximately three days, from Monday morning through Thursday morning.

Why Is It Called the Pink Moon?

Contrary to what the name suggests, the Pink Moon isn’t named for the Moon’s color. Instead, it derives its name from wild ground phlox, also known as pink moss. This early-blooming wildflower is one of the first to grace the landscape in the US Northeast during spring. The Old Farmer’s Almanac, which has been recording lunar names for close to a century, associated this April Full Moon with the pink blossoms of ground phlox.

Gibbous Phase and Observing Tips

While the Moon will appear full for several days, keen observers can still notice subtle differences. On Monday night and Wednesday night, focus on the Moon’s face a bit longer. You might observe that one side looks “fuzzy” compared to the crisp edge on the other side. This reveals that the Moon is actually in its Gibbous phase during those times. If you have binoculars or a telescope, it’ll be even easier to spot this phenomenon1.

So, mark your calendars and take a moment to appreciate the Pink Moon’s beauty as it graces our night sky this week!

Feel free to share this information with fellow stargazers and enjoy the celestial spectacle! If you have any more questions or need further details, feel free to ask. 😊🌠1

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