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​Deutsche Bank Securities’ oversight failures contributed to biggest spoofing fine ever: CFTC

By Neil Roland ( January 30, 2018, 22:00 GMT | Insight) -- Deutsche Bank Securities’ failure to properly supervise its futures traders contributed to a $30 million fine Monday that was the largest spoofing penalty since the market manipulation ploy was outlawed in 2010. The fine was the latest in a series of US fines paid by Deutsche Bank in the last year for a variety of offenses, including toxic mortgage-securities sales, foreign exchange price-rigging, Libor manipulation, and sham security trades. The US Commodity Futures Trading Commission said in its 17-page order that the bank’s brokerage and advisory unit failed to follow up on most potential misconduct flagged by its electronic surveillance system.Deutsche Bank Securities’ failure to properly supervise its futures traders contributed to a $30 million fine Monday that was the largest penalty for illegal spoofing since the market manipulation ploy was outlawed in 2010....

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