May 15, 2023
A New Jersey federal judge gave the first green light to a $6.6 million settlement between a class of commodities traders and The Bank of Nova Scotia, also called Scotiabank, to resolve claims that the bank's traders manipulated the precious metals futures market through a spoofing scheme over an eight-year period ending in 2016.
November 03, 2022
A proposed class of commodities traders has asked a New Jersey federal judge to give an initial nod to a $6.6 million settlement with Scotiabank over allegations that its traders manipulated the precious metals futures market through a spoofing scheme over an eight-year period ending in 2016.
August 05, 2022
Scotiabank told a New Jersey federal judge on Friday that it has reached an agreement to settle a proposed class action tied to allegations of precious metals futures spoofing that previously led to a $127 million deal between the bank and the U.S. government.
August 21, 2020
A pair of commodities traders sued Scotiabank on Friday after the Toronto-based bank admitted in a $127 million settlement with the U.S. government to an eight-year scheme to manipulate the market for precious metals futures contracts.