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CFTC: The Market Risk Advisory Committee To Meet On December 11

CFTC: The Market Risk Advisory Committee To Meet On December 11
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CFTC Orders The Bank Of Nova Scotia To Pay A $15 Million Penalty For Recordkeeping And Supervision Failures For Widespread Use Of Unapproved Communication Methods

<p><span lang="EN" xml:lang="EN">The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against&nbsp;<span>The Bank of Nova Scotia</span></span><span>, a provisionally registered swap dealer and&nbsp;<span>Scotia Capital USA Inc.</span>, a futures commission merchant,&nbsp;</span><span lang="EN" xml:lang="EN">(collectively BNS Affiliates). The order charges BNS Affiliates with&nbsp;</span><span>failing to maintain, preserve, or produce records that were required to be kept under CFTC recordkeeping requirements, and failing to diligently supervise matters related to their businesses as CFTC registrants.</span></p> ....

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