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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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Netanyahu Vows to Defend Israeli Military Unit Against U.S. Sanctions


Israeli Prime Minister Benjamin Netanyahu has pledged to fight against any sanctions imposed on Israeli military units by the United States. The focus of concern is the Netzah Yehuda battalion, which has been accused of human rights violations in the occupied West Bank. Reports suggest that Washington is considering measures against this battalion for alleged rights violations.

Netanyahu’s statement came in response to Axios news site’s report that the U.S. was planning to impose sanctions on the Netzah Yehuda battalion. The Israeli military, however, maintains that the battalion operates according to international law principles. The situation follows U.S. Secretary of State Antony Blinken’s determination that Israel had violated the Leahy law, which prohibits providing military assistance to units committing gross human rights violations.

As tensions continue in the Middle East, Netanyahu’s commitment to defending the Israeli military unit underscores the complex geopolitical landscape in the region.


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