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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

Your daily horoscope: August 16, 2024

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The bigger your ambitions this year the clearer you must be about how you are going to finance them. You may believe in yourself 100 per cent but others will need to be convinced if you expect them to back you with cold, hard cash.

ARIES (March 21 - April 20):

You may be eager to push ahead with a project that means a lot to you but while your ruler Mars is at odds with Saturn you must be cautious. If you take too big a step forward today you may have to take several steps back later on.

TAURUS (April 21 - May 21):

You try to be sensitive to other people’s feelings but this is one of those occasions when it may be impossible not to tread on a few fragile egos. Say what needs to be said and don’t worry too much how other people choose to take it.

GEMINI (May 22 - June 21):

The facts may be all on your side but that won’t change the beliefs of people whose outlook on life is tainted by various conspiracy theories. Don’t waste time and energy challenging their incorrect viewpoints, because it’s highly unlikely they want to know.

CANCER (June 22 - July 23):

As one of those zodiac’s cardinal signs your standards tend to be higher than most other people’s, so don’t be too disappointed today if a friend’s efforts fall short of the mark. Help them make a better go of it next time around.

LEO (July 24 - Aug. 23):

The more daunting the tasks you face over the next few days the more you will enjoy yourself. You are in one of those moods when you take great delight in reminding friends and rivals alike that you are special, a maverick, a true one-off.

VIRGO (Aug. 24 - Sept. 23):

The time for excuses is over: you know what needs to be done and you know that if you begin now it won’t be long before it is successfully completed. The first step may be the hardest but it can also be the easiest if you start out small.

LIBRA (Sept. 24 - Oct. 23):

Take time out of your busy schedule to look ahead and envisage where you would most like to be a month or two from now. You won’t be able to start on your journey immediately but you can at least lay the groundwork for later on.

SCORPIO (Oct. 24 - Nov. 22):

Do something that excites you today. Better still, make it something that shocks some of the people around you. It won’t take much to stir things up and it will do friends and family members good to know they can no longer take so much for granted.

SAGITTARIUS (Nov. 23 - Dec. 21):

Mars in your opposite sign is at odds with Saturn today, so you will need to tread carefully when dealing with loved ones and people in positions of power. Try not to be too severe when pointing out their faults. Better still, don’t point them out at all.

CAPRICORN (Dec. 22 - Jan. 20):

Although new ideas are pouring into your head at a rate of knots you cannot possibly make use of them all, so be selective with those you choose to build on. And remember, it’s only a truly good idea if it works for everyone.

AQUARIUS (Jan. 21 - Feb. 19):

No doubt you are tempted to tell friends and family members what they want to hear but deep down you know that protecting them from the truth is likely to be harmful in the long-term. Be honest with them today, no matter how much it stirs things up.

PISCES (Feb. 20 - Mar. 20):

Saturn in your sign is at odds with Mars today, so don’t be surprised if you find yourself disagreeing with what loved ones and work colleagues are up to. It is not, however, your place to insist they change their ways. Let them make their own mistakes.

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