U.S. CFTC orders Commerzbank AG to pay $12 million for swap dealing violations
Reuters
Published Nov 08, 2018 11:50AM ET
Updated Nov 08, 2018 12:00PM ET
U.S. CFTC orders Commerzbank AG to pay $12 million for swap dealing violations
WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission ordered Commerzbank AG (DE:CBKG) on Thursday to pay a $12 million civil penalty to settle charges that it failed to supervise its swap dealing activities for more than five years and making misleading statement to the CTFC, the agency said.
The order also requires Commerzbank to retain an outside consultant to review swap dealer compliance for two years, the CFTC said in a statement.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.