Deutsche Bank to pay $3M over CFTC charges

Deutsche Bank has been ordered to pay a $3-million fine by the U.S. Commodity Futures Trading Commission, reports Reuters.

The CFTC alleges the bank “failed to properly invest customer funds and had made other mistakes in the process, [such as] fail[ing] to keep accurate financial reports, though none of the violations resulted in any customer losses.” Read more.

For more on derivatives, which the CFTC oversees, read:

Details on derivatives

De-risk in the face of volatility

AIMA issues derivatives guide

OSC lightens derivatives reporting burden

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