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The banks have paid more than $24 million to resolve alleged compliance failures via chatroom disclosures.
The Ontario Securities Commission (OSC) has approved settlements with the Royal Bank of Canada (RBC) and the Toronto-Dominion Bank (TD) that arise from “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,” the...
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