October 1, 2018 / 8:56 PM / 18 days ago

Bank of Nova Scotia to pay $800,000 to settle CFTC charges

WASHINGTON (Reuters) - Bank of Nova Scotia has settled charges filed by the U.S. Commodity Futures Trading Commission that it engaged in spoofing in gold and silver futures contracts traded on the Chicago Mercantile Exchange, the CFTC said on Monday.

The agency said the bank will pay an $800,000 civil monetary penalty and take steps to maintain and implement training programs and controls to detect and deter spoofing.

Reporting by Eric Beech; Editing by Mohammad Zargham

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