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Deutsche Bank to pay $10mn over spoofing charges, reporting failures

Deutsche Bank to pay $10mn over spoofing charges, reporting failures

The US Commodity Fut. Trading Commission said that Deutsche Bank AG would be paying more than $10mn to settle federal court charges of market manipulation and of alleged violations of data reporting obligations. Deutsche agreed to pay $1.25mn penalty to settle the allegations that two of the bank’s traders engaged in numerous instances of a type of market manipulation called ’spoofing.’

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If u or I spoofed we would be in jail for a long f ING time

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