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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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National Security Report Alleges Foreign Interference Involving Parliamentarians


Prime Minister Justin Trudeau has remained tight-lipped about whether current members of the Liberal caucus are implicated in a classified version of a startling national security report. The report, produced by the National Security and Intelligence Committee of Parliamentarians (NSICOP), alleges that some Parliamentarians are either “semi-witting or witting” participants in foreign interference efforts. However, Trudeau did not directly address whether any of his current MPs are named in the report. Both New Democratic Party leader Jagmeet Singh and Green Party leader Elizabeth May, who had access to the unredacted version of the report, stated that no members of their caucus were named. The public version of the report did not identify specific parliamentarians or provide details about the countries involved in the alleged interference. The situation remains contentious, with calls for transparency and further investigation.

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