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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (161396)	8/18/2020 8:28:55 PM
From: TobagoJack	2 Recommendations Recommended By arun gera rz Respond to of 219566

Am trying to imagine a world where we must watch movies in which all folks wear mask, social-distanced, in bad humor, and facing audiences over streaming, attending awards over zoom Where we must shy away from NYC during summer breaks, and in fact not go around at all except and possibly not even the beach Where ... Etc etc etc rather grim to contemplate, and if definitively so, would intone, “activate Plan B” My wife and I both feel that our times in Cape Town passed the fastest, all 5 months of the stay, and Vancouver transit, the 20 days also pretty quick, and now in HK, so much slower, whereas normally we probably would have expected fastest in HK and w/ Cape Town bringing up the rear. Explanation ... we did not have household help in Cape Town and in Vancouver, and had to tool against the clock to provide food and amusement to the kids. Yesterday was second day of on-line school and the Jack rebelled and refused to wear school uniform. Erita dressed as pretty as ever. Go figure. Coconut taking to physics as took to chemistry and biology and mathematics and history and literature. One of five girls in class of 28. For socialization hour, the jack shall show & tell about gold, and fiat money inflation, and war financing per his computer game. The artifact he intends to show is the krugerrand. Both kids learning well enough. Both spoke to gramps yesterday, and know they are stuck in Malaysia with no flight service, and in any case we cannot expect them to sit through 12-hours of HK entry process after a 3-hours flight from Penang. Day 1 posted earlier - proper uniform but insurrection by seating stance Day 2 - breakdown of civilization, but seated properly

To: carranza2 who wrote (161396)	8/19/2020 7:02:54 PM
From: TobagoJack	Respond to of 219566

Same stuff still happening, doubtless ... bloomberg.com Scotiabank Compliance Failed to Stop Gold Spoofing, U.S. Says Joe Deaux Bank of Nova Scotia’s compliance officers failed to stop its precious metals traders from manipulating markets despite having information about the activity, according to the U.S. government. The bank agreed to pay $127.4 million to settle allegations that its traders manipulated precious metals markets, including gold, silver, platinum and palladium, according to the government. The order from the Commodity Futures Trading Commission and deferred prosecution agreement from the U.S. Justice Department shed light on the lack of action by the compliance group at the Toronto-based bank. “Between August 2013 and February 2016, three Scotiabank compliance officers possessed information regarding unlawful trading by one of the traders other than Flaum but failed to prevent further unlawful conduct by this same trader,” the Justice Department wrote in a statement, referring to Corey Flaum, who pleaded guilty in July 2019 to attempted price manipulation in connection with precious metals futures contracts trading at the bank. In 2013, an unidentified Hong Kong-based trader referred to by the CFTC as Trader A messaged a compliance officer seeking clarification about a memo outlining prohibitions on disruptive trading practices under the Dodd-Frank reforms. That trader provided “substantial information regarding the nature of his trading, including by describing how he placed groups of one-contract orders on one side of the market to facilitate executions on the opposite side of the market.” The officer forwarded the question to two other Scotiabank compliance officers, but nothing was done. Two and a half years later, one of Scotiabank’s futures commission merchants reached out to one of those officers asking about suspicious trading by that trader -- flagging six instances of activity for possible spoofing. Scotiabank’s compliance officers reviewed the information and responded that “[W]hat is being seen may look like potential layering or spoofing, but based on the fact [that] we are talking [about] 1 lots, we believe he is just adjusting his exposure to the marketplace.” The CFTC argued that these two instances show that Scotiabank’s staff “had substantial information regarding, but failed to stop, unlawful trading by Trader A between August 2013 and February 2016.” The Justice Department said Scotiabank made a voluntary disclosure to the CFTC regarding Flaum’s possible spoofing after one of its futures commission merchants flagged the action, but the disclosure was “materially incomplete,” impairing the CFTC to fully investigate the matter. “Compliance staff thus contributed to the illegal conduct and undermined the control functions necessary to an effective compliance program,” CTFC said Wednesday in its filing. “At Scotiabank, we understand that in order to maintain the trust of our stakeholders, we must adhere to trading-related regulatory requirements and compliance policies,” the bank said earlier in a statement. — With assistance by Tom Schoenberg, and Justina Vasquez Before it's here, it's on the Bloomberg Terminal. LEARN MORE Sent from my iPad