Spoofing Scandal Costs TD Securities Over $15 Million in Penalties

The U.S. Securities and Exchange Commission announced that TD Securities, a subsidiary of Toronto-Dominion Bank (TSX: TD) has been charged with market manipulation through an illegal trading strategy known as “spoofing” in the U.S. Treasury cash securities market. Additionally, the firm has been cited for failing to supervise its head of the U.S. Treasuries trading … Continue reading Spoofing Scandal Costs TD Securities Over $15 Million in Penalties