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FX.co ★ Deutsche Bank to pay $37 million to settle dark pool probe

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Forex Humor:::2016-12-23T08:20:00

Deutsche Bank to pay $37 million to settle dark pool probe

Deutsche Bank agreed to pay $37 million to settle charges with US regulators in connection with misleading investors in dark pools.

The US Securities and Exchange Commission (SEC) said that Deutsche Bank agreed to settle claims of the regulators and to pay the fine.

According to the charges, the bank misled clients who used its Alternative Trading System (ATS) SuperX about routing of client orders and their priority.

This year, European banks Barclays and Credit Suisse agreed to pay a combined $191 million in penalties to close investigations into whether they properly operated their off-exchange venues.

Deutsche Bank said in a statement it believed it had fixed the problems and was pleased to resolve the matter.

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