FCA Fines Former Deutsche Bank Trader £180,000, Issues Indefinite Ban

[kreslik.news]

The FCA has issued a monetary fine of £180,000 and placed an indefinite ban on former Deutsche Bank short-term interest rate derivatives trader Guillaume Adolph.

The penalties decided following a long-running investigation into the actions taken by Mr. Adolph during his time with the German lender.

The Scope of the Violations

Based on the assessment of the FCA, the scope of Mr. Adolph’s violations pertains to misconduct taking place between July 25, 2008 and March 11, 2010.

There are three underlying violations that stand out in the FCA’s official statement. The first violation discusses instances in which Mr. Adolph requested a readjusted submission from ... (read more)