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TD Bank to pay millions to end criminal, civil probes in Treasuries spoofing case

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Summary
Nutrition label

68% Informative

Toronto-Dominion Bank will pay more than US$20 million as part of a deal with U.S. prosecutors and regulators to resolve investigations over a former trader’s alleged placement of “spoof’ orders to manipulate the Treasuries market.

The bank will also pay US$4.7 million in compensation to victims and forfeit US$1.4 million .

VR Score

70

Informative language

69

Neutral language

65

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

1

Source diversity

1