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Violation Tracker Individual Record

Company: The Bank of Nova Scotia
Current Parent CompanyScotiabank
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $50,000,000
Year: 2020
Date: August 19, 2020
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: The Bank of Nova Scotia agreed to pay $50 million to settle allegation of swap dealer compliance failures, failing to supervise its swap dealer activities diligently, and making false or misleading statements to CFTC staff during the course of the Division of Enforcement's investigation.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Canada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.