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Articles Posted in Wash trades

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CFTC Says RBC Took Part in Massive Trading Scam to Avail of Tax Benefits

The Commodities Futures Trading Commission has filed a lawsuit accusing Royal Bank of Canada of taking part in hundreds of millions of dollars worth of illegal futures trades to earn tax benefits linked to equities. In its complaint, the CFTC claims the Toronto-based lender made misleading and false statements about…

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