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Tags: Ponzi | scheme | TD Bank | regulators

TD Bank to Pay $90 Million in US Settlements Over Ponzi Scheme

Monday, 23 September 2013 02:32 PM

Toronto-Dominion Bank will pay $90 million in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme conducted by Florida lawyer Scott Rothstein, who is now serving a 50-year prison term.

TD was fined $37.5 million by the Financial Crimes Enforcement Network, $37.5 million by the Office of the Comptroller of the Currency and $15 million by the U.S. Securities and Exchange Commission.

© 2022 Thomson/Reuters. All rights reserved.


FinanceNews
Toronto-Dominion Bank will pay $90 million in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme conducted by Florida lawyer Scott Rothstein, who is now serving a 50-year prison term.
Ponzi,scheme,TD Bank,regulators
72
2013-32-23
Monday, 23 September 2013 02:32 PM
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