Skip to main content

Featured

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
Post a Comment
Read more
Labels

Trump’s Historic Criminal Trial: A Closer Look

 


On Monday, Donald Trump will once again make history, becoming the first former president to face trial on criminal charges. The trial, presided over by Manhattan District Attorney Alvin Bragg, centers around 34 felony counts of falsifying business records.

The Allegations

The charges stem from a $130,000 payment made to adult film star Stormy Daniels prior to the 2016 presidential election. Prosecutors assert that this payment was intended to keep Daniels quiet about an alleged extramarital affair with Trump. While the act of paying hush money itself is not a felony, it becomes one when used to facilitate other crimes, such as violating tax and campaign finance laws.

Trial Details

  • Jury Selection: The trial kicks off with jury selection at the Manhattan Criminal Courthouse in New York City.
  • Duration: Expect the trial to span six to eight weeks, with sessions held on Mondays, Tuesdays, Thursdays, and Fridays.
  • Television Coverage: Unfortunately, the trial won’t be televised. Reporters will be allowed inside the courtroom, but news photographers will have only 45 seconds of access each day before sessions begin.

Key Witnesses

Here’s a glimpse of who’s expected to take the stand for the prosecution:

  1. David Pecker: Former CEO of American Media (AMI), involved in a “catch and kill” arrangement to bury damaging stories about Trump.
  2. Karen McDougal: Former Playboy model who received a $150,000 payment from AMI for her story about an alleged affair with Trump.
  3. Michael Cohen: Trump’s former lawyer, who arranged the $130,000 payment to Daniels and was reimbursed in a way that concealed the transaction.

As the trial unfolds, all eyes will be on the courtroom, waiting to see how this historic case plays out. 

Labels:

Comments

Post a Comment