Sunday, November 29, 2020

Tag: Bank of Nova Scotia charged by CFTC with spoofing in gold

Bank of Nova Scotia charged by CFTC with spoofing in gold, silver futures

by James Langton, Investment Executive:

The bank’s penalty was substantially reduced in recognition of its self-reporting and co-operation

The U.S. Commodity Futures Trading Commission (CFTC) has sanctioned Toronto-based Bank of Nova Scotiafor spoofing trades in gold and silver futures on the Chicago Mercantile Exchange, the futures and swaps markets regulator announced Monday.