Scotiabank To Pay $127M Tied To 'Massive' Spoofing Scheme

By Al Barbarino ( August 19, 2020, 2:57 PM EDT) -- Toronto-based Scotiabank must pay $127.4 million after admitting to an eight-year spoofing scheme through which four of its traders rigged precious metals futures contracts to "trick other market participants" for the benefit of the bank and themselves, the U.S. Department of Justice and the Commodities Futures Trading Commission announced Wednesday....

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