TD Bank to pay $20 million US to resolve 'spoofing' investigation

Toronto-Dominion Bank is set to pay more than $20 million US as part of a deal with American authorities to resolve an investigation into a former employee's fraud trading tactics to manipulate the U.S. Treasuries market.

TD Bank to pay $20 million US to resolve 'spoofing' investigation
The words 'Toronto Dominion Centre' are engraved into a wall surrounded by tall office buildings.

Toronto-Dominion Bank is set to pay more than $20 million US as part of a deal with American authorities to resolve an investigation into a former employee's fraud trading tactics to manipulate the U.S. Treasuries market.