Briefs
FINANCIAL CRIME
Wash trading scandal in Canada – Canadian regulators have fined four senior employees of RBC Dominion Securities a total of US$250,000 for 'wash trading' in shares of RBC and Bank of Montreal. The Market Regulation Services (RS) panel decided that the four "did not engage in a pattern of manipulative or deceptive conduct [and] admitted their error to RS on being contacted". According to the RS summary, on August 11 last year RBC and another unnamed bank agreed a hedging transaction involving
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