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Toronto-Dominion Bank (TD Bank) is nearing a possible guilty plea to criminal charges related to its U.S. retail bank's failure to curb a rash of money laundering tied to Chinese crime groups and illicit fentanyl sales, WSJ reports. The bank is also set to pay over $20 million to resolve investigations into a former trader's alleged placement of 'spoof' orders to manipulate the U.S. Treasuries market.
Today we announced charges against registered broker-dealer TD Securities (USA) LLC for manipulating the U.S. Treasury cash securities market through an illicit trading strategy known as spoofing. https://t.co/vjTr4R0D6V https://t.co/rLAaOsjKOB
Toronto Dominion Bank is set to pay over $20 million as part of a deal with US authorities to resolve an investigation into a former employee's fraud trading tactics to manipulate the US Treasuries market https://t.co/a00Kskiq5l https://t.co/Xd6ZTEzy2M
Canada's TD Bank to pay over $20 mln to resolve 'spoofing' case https://t.co/2A4y3WCq53 https://t.co/OXgn6LswcI
