Ex-TD Bank Trader Nadarajah Banned While Awaiting Spoofing Trial

A former senior trader at Toronto-Dominion Bank and Jefferies Financial Group Inc. was banned from the US financial industry while he awaits trial over charges that he allegedly manipulated the market for US government bonds.

The Financial Industry Regulatory Authority barred Jeyakumar Nadarajah from associating with any regulated firm after he failed to provide some information the watchdog had requested, according to Feb. 5 filings. Finra had asked him to answer questions as part of its probe into “certain trading practices by certain traders” at an unidentified company, the filings show.

Nadarajah “appeared for on-the-record testimony” and answered some ...