
The U.S. Commodity Futures Trading Commission (announced that a federal judge in the Southern District of New York entered a Consent Order for Permanent Injunction and Civil Monetary Penalty against Royal Bank of Canada for engaging in more than 1,000 illegal wash sales, fictitious sales, and noncompetitive transactions over a three-year period. For more info visit http://www.cftc.gov/PressRoom/PressReleases/pr7086-14