18-06-2020 17:37 via uk.finance.yahoo.com

Deutsche Bank to pay $10 million over spoofing charges, reporting failures - CFTC

Deutsche agreed to pay a $1.25 million penalty to settle the allegations that two of the bank's traders engaged in numerous instances of a type of market manipulation called "spoofing" in Treasury futures and Eurodollar futures contracts on CME, the bank said in a statement.The CFTC has been aggressively pursuing traders for the practice, a tactic designed to create a false appearance of demand.In 2018, the agency established a task force dedicated to rooting out this form of market manipulation
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