A former senior bond trader at TD Securities in New York has been charged with attempting to “deceive and defraud” the US Treasuries market in an alleged scheme that involved placing a number of fake orders to create a false impression of true supply or demand to counterparties.
A former senior bond trader at TD Securities in New York, Jeyakumar Nadarajah, has been charged with attempting to "deceive and defraud" the US Treasuries market in an alleged year-long scheme. The federal indictment, unsealed on Wednesday, includes 16 counts such as wire fraud, securities fraud, and securities manipulation. Nadarajah is accused of engaging in "spoofing" and "layering," placing fake orders to create a false impression of true supply or demand in the market.
The indictment covers the period between April 2018 and May 2019 when Nadarajah was the head of the US Treasuries trading desk at TD Securities.
The bank could not be reached for comment, and Jefferies, where Nadarajah worked after leaving TD Securities, declined to comment.
Prosecutors said his aim was “to fraudulently induce other market participants to trade at prices, quantities and times that they otherwise would not have traded”.
A former senior bond trader at TD Securities in New York has been charged with attempting to “deceive and defraud” the US Treasuries market
11/10/2023
Trump has told Walmart, $WMT, to 'eat the tariffs' instead of raising prices
5/17/2025 11:59 PMMoody’s downgrades US credit rating to Aa1 from Aaa
5/17/2025 4:55 AMYouTube, GOOGL, viewers will start seeing ads after ‘peak’ moments in videos
5/16/2025 7:55 PMCEOs say that just a fraction of AI initiatives are actually delivering the return on investment they expected
5/16/2025 7:51 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.