Reuters: Regulatory News: TD Bank to pay $90 mln in US settlements over Ponzi scheme

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TD Bank to pay $90 mln in US settlements over Ponzi scheme Sep 23rd 2013, 18:25 Sept 23 | Mon Sep 23, 2013 2:25pm EDT Sept 23 (Reuters) - Toronto-Dominion Bank will pay $90 million in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme conducted by Florida lawyer Scott Rothstein, who is now serving a 50-year prison term. TD was fined $37.5 million by the Financial Crimes Enforcement Network, $37.5 million by the Office of the Comptroller of the Currency and $15 million by the U.S. Securities and Exchange Commission.

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