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Bank of Nova Scotia threatened with stiffer penalties by two US CFTC members if new violations occur

By Neil Roland ( May 11, 2023, 23:00 GMT | Insight) -- Two Democratic US Commodity Futures Trading Commission members threatened tougher penalties than those imposed today on the Bank of Nova Scotia if it doesn’t adhere to US regulations. “BNS is now a three-peater before the CFTC,” Commissioner Christy Goldsmith Romero said. “Coupled with today’s charges, BNS’s culture of evasion needs to change immediately if it is going to continue operating in US markets with CFTC registration.”Two Democratic US Commodity Futures Trading Commission members threatened tougher penalties than those imposed today on the Bank of Nova Scotia if it doesn’t adhere to US regulations....

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