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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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Escalation in Gaza: Dozens Killed Amid Intensified Bombardment

 

Israeli forces have intensified their bombardment across the Gaza Strip, resulting in the deaths of at least 30 Palestinians, according to health officials. The escalation has seen tanks advancing deeper into western and northern Rafah, with fierce gun battles reported between Israeli troops and Hamas fighters.

Among the casualties was local journalist Mohammad Abu Jasser, who, along with his wife and two children, was killed in an Israeli strike on their home in the northern Gaza Strip. This brings the total number of Palestinian media personnel killed since October 7 to 161, as reported by Gaza’s Hamas-run government media office.

The Israeli military has conducted multiple strikes across Gaza, targeting what it claims are militant infrastructures. In central Gaza, an airstrike on a multi-floor building in Al-Nuseirat camp wounded several people, including two local journalists. In Rafah, Israeli forces have taken control of strategic positions, aiming to dismantle the last battalions of Hamas’ armed wing.

Efforts for a ceasefire, led by Qatar and Egypt and supported by the United States, have so far failed due to ongoing disputes between the combatants. The conflict, which began after a deadly attack by Hamas on October 7, has resulted in significant casualties on both sides, with over 38,919 Palestinians and 326 Israeli soldiers reported killed.

The situation remains tense as both sides continue to exchange fire, with no immediate resolution in sight.


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