RBC and TD pay more than $24 million for FX compliance failings
The Ontario Securities Commission (OSC) approved on Aug. 30 settlement agreements with RBC and TD related to compliance failures in the banks' foreign exchange (FX) trading businesses.
These failures allowed RBC and TD FX traders to share confidential customer information in chatrooms with FX traders at competitor firms. From 2011 to 2013, OSC Staff identified hundreds of instances in which ...
by The IJ Staff Sept. 3, 2019, 11:30 a.m.