The Bank of Nova Scotia Rotten Score Breakdown
💼Corporate Misconduct
Community concern only
Community ratings exist, but no approved evidence has been submitted. Community ratings do not affect the Rotten Score.
Avg Rating: 5.00Ratings: 1Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
📰Human Rights & Exploitation
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🎭Fraud & Corruption
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🧪Deceptive Practices
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🚨Environmental Harm
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🌱Sustainability Deception
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
💸Workplace Misconduct
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
⚠️Financial Misconduct
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 6.00Evidence Count: 1Contribution: 0.0 pts
Misconduct: low 0 · medium 0 · high 1
Remediation: low 0 · medium 0 · high 0ⓘ cap: 25%
Scotiabank entered a $60.4 million U.S. criminal resolution over commodities spoofing
On August 19, 2020, The Bank of Nova Scotia entered a deferred prosecution agreement with the U.S. Department of Justice and agreed to pay more than $60.4 million in criminal penalties, disgorgement and restitution. The bank admitted that traders placed thousands of deceptive orders in precious-metals futures markets between January 2008 and July 2016. The agreement resolved wire-fraud and attempted-price-manipulation charges subject to its terms; it was not a trial judgment. Primary source: https://www.justice.gov/archives/opa/pr/bank-nova-scotia-agrees-pay-604-million-connection-commodities-price-manipulation-scheme