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

Divestment Movement Gains Momentum at McGill University

 

In recent developments, McGill University has become a focal point for a growing divestment campaign. Here’s a brief overview of the situation:

  • Protest Origins: The movement is spearheaded by pro-Palestinian activists, who have established protest camps on campus, mirroring similar actions on U.S. university grounds.
  • Demands for Change: Protesters are urging McGill to divest from companies they allege are complicit in “Israeli genocide and apartheid,” targeting firms like Lockheed Martin and BAE Systems.
  • University’s Stance: McGill maintains that it does not directly invest in individual stocks and relies on fund managers who adhere to environmental, social, and governance principles.
  • Wider Implications: The demands reflect a broader trend of student activism, calling for ethical investment practices and greater corporate accountability.

The divestment movement at McGill University is part of a larger, global conversation about the ethical responsibilities of educational institutions in their financial dealings.

Labels:

Comments

Post a Comment