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TD Securities charged with spoofing scheme, failing to supervise head of US Treasuries desk

Close-up of logo for the financial services company TD Ameritrade.
Photo: Smith Collection/Gado/Getty Images

Julie DiMauro

3 min read
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The allegations revolve around hundreds of episodes of unlawful trading in the secondary (cash) market for US Treasuries.

Canada’s second-largest bank, Toronto Dominion Bank, has been ordered to pay over $20m as part of a deal with three US authorities to resolve an investigation into a former employee’s fraudulent trading tactics to manipulate the US Treasuries market.

TD Securities (TDS), a division of TD Bank, entered into a

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