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FINRA disciplinary action update 2024/38

Montage of person walking by the FINRA sign.
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Disciplinary decisions issued September 28 – October 4, 2024.

TD Securities (USA) censured and fined for alleged compliance failures connected to spoofing by a former trader

The trader, who worked on and became the head of the US Treasury trading desk, engaged in 813 instances of spoofing in US Treasury securities.

The spoofing followed a predictable pattern:

  • A bona fide