The Commodity Futures Trading Commission filed an
enforcement action against the Royal Bank of Canada alleging a years long,
riskless wash sale scheme conducted by a small group of RBC personnel to
generate certain lucrative Canadian tax benefits....
While it may not be on the level of the historic protests
in the Middle East or the budget battle playing out in Wisconsin, the funding
"war" being waged against the Securities and Exchange Commission (SEC) and
Commodity Futures Trading Commission...