December 18, 2014

A federal district court for the Southern District of New York has ordered Royal Bank of Canada to pay civil monetary penalties of $35 million for engaging in more than 1,000 illegal wash sales, fictitious sales, and noncompetitive transactions over a three-year period.  CFTC

Tagged in: CFTC Whistleblower Reward Program, Financial Institution Fraud, Market Manipulation and Trading Violations,