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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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Tips for Getting Your Luggage First at Baggage Claim

 

While waiting for your checked luggage at the airport can feel like an eternity, there are a few tricks you can try to improve your chances of having your bag pop out early. Although there’s no guaranteed method, these strategies might give you an advantage:

  1. Travel Business or First Class: Passengers who fly in business or first class often receive better service, including the perk of their luggage being among the first to arrive at baggage claim. If you have the opportunity to upgrade, consider it for a smoother baggage experience.

  2. Frequent Flyer Status: Airlines offer priority baggage services to frequent flyers with elite status tiers. If you fall into this category, make sure the agent affixes a priority tag to your bag during check-in. While these bags are technically supposed to be offloaded before others, it’s not always guaranteed.

  3. Gate Check Your Bag: Arrive at the gate early and ask to gate check your bag. This means you’ll bring your suitcase through security and it will be loaded last onto the plane. Sometimes, this results in your bag being among the first to appear at baggage claim.

  4. Last One In, First One Out: If you’re checking your bag, consider doing so as late as possible. Bags loaded into the cargo hold last are often the first to be unloaded. However, keep in mind that the loading order isn’t always predictable.

  5. Get a “Fragile” Sticker: When checking in, request a “fragile” sticker for your bag. Representatives at the counter can affix this sticker, which might prioritize your luggage for early retrieval.

Remember, even if you follow these tips, there are no guarantees. However, you can also use technology to keep track of your bag’s whereabouts. Attach trackers like Apple AirTags or Tiles to your luggage, or check if the airline uses RFID tracking to monitor your bag’s journey from the cargo hold to the baggage claim.

Lastly, make sure to remove old bag tags from your suitcase before checking it in, but leave your personal tag with contact information and address. Safe travels!

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