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U.S. Federal Energy Regulatory Commission: FERC approves market manipulation settlement with Deutsche Bank

( January 22, 2013, 18:49 GMT | Official Statement) -- MLex Summary: The U.S. Federal Energy Regulatory Commission has agreed to settle with Deutsche Bank Energy Trading to resolve an order to show cause proceeding regarding manipulation of California power markets. Deutsche Bank agrees to pay a civil penalty of $1.5 million and disgorge unjust profits of $172,645, plus interest, resulting from its trading in California Independent System Operator markets.See the statement below....

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