SEC Settles $37M Charges With Deutsche Bank Over Order Router Lapse

[kreslik.news]

The US’ Securities and Exchange Commission (SEC) has announced a settlement with Deutsche Bank (NYSE:DB), which saw the lender pay a total of $37.0 million in penalties for its role in misleading clients with regards to dark pool trading, per an SEC filing.

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The nature of the penalty was relegated to Deutsche Bank’s handling with its client base. In particular, the lender misled its clients about the performance of a core feature of its automated order router, which on numerous instances sent client orders to dark ... (read more)