Major Canadian bank, Bank of Nova Scotia, has been fined US$127,000,000(!!!) for compliance failures.
Massive Canadian bank news!! Bank of Nova Scotia fined record US$127,000,000 by US CFTC just now for spoofing, and compliance failures related to its trading at global trading desks. 3 separate order of enforcement by US government. https://t.co/xbdlSAz5wA
— Christine Duhaime (@cduhaime) August 19, 2020
It’s likely they didn’t take this training on compliance…