Norway Penalizes Danske Bank for Serious Bond Market Manipulation

In a major ruling reflecting Norway’s commitment to maintaining the integrity of its financial markets, the Norwegian Financial Supervisory Authority has imposed a significant fine on Danske Bank. This decision follows the discovery of substantial misconduct involving manipulation in the bond market. The authority deemed the bank's actions as particularly egregious, marking it as a critical moment in the enforcement of financial regulations in the country.

Continue reading

TD Bank Trader Claims Spoofing Settlement Denies Him Fair Trial

In a surprising turn of events, a former trader for TD Bank has taken a bold stand, asserting that a recent spoofing settlement adversely affects his right to a fair trial. The allegations stem from incidents involving the manipulation of market prices through misleading orders, commonly known as spoofing, and the trader argues that the actions of the bank should not overshadow his individual case.

Continue reading