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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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Bread of Desperation

 

In the north of the Gaza Strip, where Palestinians have been hit hardest by hunger, residents face acute shortages of vegetables, fruit, and meat. Their desperate survival hinges on bread alone. Food available in the market is sold at exorbitant prices: a kilo of green peppers, which once cost about a dollar, now fetches nearly $90. Traders demand $70 for just a kilo of onions. Families like Um Mohammed’s, who have endured more than eight months of Israeli bombardments, subsist solely on flour and bread. Despite the recent lifting of a ban on fresh food sales from Israel and the West Bank, unscrupulous merchants exploit the crisis, selling goods at astronomical mark-ups. The flow of U.N. aid into this devastated territory remains severely restricted, and mounting global pressure calls for urgent action to prevent famine. In Gaza, where children suffer from acute malnutrition, the bread of desperation is their only sustenance.

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