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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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Ancient Egyptian Superhighway: The Ahramat River’s Role in Pyramid Construction

 

For centuries, the construction of Egypt’s majestic pyramids has been shrouded in mystery, with numerous theories attempting to explain how these ancient wonders were built. Now, a groundbreaking discovery may hold the key to this age-old question.

  • The Ahramat River: Researchers have uncovered a lost branch of the Nile, named Ahramat, which they believe was instrumental in transporting materials for pyramid construction.
  • Transportation of Materials: The river, running alongside 31 pyramids, was likely used to float massive stone blocks, some weighing over a ton, from distant quarries to the construction sites.
  • Technological Breakthrough: The discovery was made possible through radar satellite imagery, enabling scientists to identify buried rivers and structures beneath the desert sands.
  • Impact on Pyramid Placement: The study suggests that the positioning of pyramids farther east during Egypt’s Middle Kingdom era was due to the migration of the Ahramat waterway since the Old Kingdom era.

This revelation not only demystifies the construction process of the pyramids but also provides insight into the sophisticated infrastructure and planning capabilities of ancient Egyptian civilization.

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