NSS ~ Counterfeiting Stock ~ MM Games Played

[AlanC]

WASHINGTON (MarketWatch) -- Federal regulators charged TD Bank and a former executive in connection with a South Florida-based Ponzi scheme conducted by Scott Rothstein, who is now serving a 50-year prison sentence. The Financial Crimes Enforcement Network announced the assessment of a $37.5 million civil money penalty against TD Bank for failure to file suspicious activity reports. The Securities and Exchange Commission alleges that TD Bank and its then-regional vice president Frank A. Spinosa defrauded investors by producing a series of misleading documents and making false statements about accounts that Rothstein held at the bank and used to perpetuate his scheme. TD Bank agreed to settle the SEC's charges in an administrative proceeding and pay $15 million. The SEC filed a complaint against Spinosa in U.S. District Court for the Southern District of Florida.
http://www.marketwatch.com/story/regulators-fine-td-bank-over-ponzi-scheme-2013-09-23?link=MW_home_latest_news