RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Typical example of wash tradingThe two articles talk about two very different cases of misconduct, that have little to nothing to do with the alleged manipulation of ATH stock…
The first article “Why did RBC abruptly change its strategy and settle CFTC's 'wash trading' suit?” pertains to RBC employees using derivative trades to basically move assets around between various Canadian and offshore accounts as a way to dodge/minimize taxes.
The following articles do a lot better job explaining the case than the financial post article:
https://www.investmentexecutive.com/news/from-the-regulators/rbc-settles-with-cftc-over-supervisory-failures/ https://bondsareforlosers.com/alleged-rbc-sham-futures-trading-scheme-explained/ The second article, “Canada’s two biggest banks to pay almost $23 million in total to settle probe into FX trading chat rooms” pertains to the traders at the two banks allegedly sharing customer trade order details with traders at other competing financial institutions to gain advantage in the market.
I guess if you’re providing your buddies with information to trade against your client, you’re technically not the one doing the front running or trading against their positions, so it’s all kosher, right? LOL
bosstrade wrote: https://financialpost.com/news/fp-street/why-did-rbc-abruptly-change-its-strategy-and-settle-cftcs-wash-trading-suit
https://financialpost.com/news/fp-street/td-bank-agrees-to-pay-9-3-million-to-settle-osc-allegations-that-traders-used-confidential-customer-information-to-gain-fx-advantage
They completely manipulate the market. But they also manipulate it up too. Stocks are like the horse races. The better horse will win more races, but you don't when. Only the manipulators in the barn know.
Ive put in complaints to iiroc as well, and iiroc knows ATH was manipulated with the shorts back in November, but let see what comes out of it.
Doesn't seem to be too many shorts left.