Deutsche Bank to pay more than $40 mln to settle dark pool cases

WASHINGTON, Dec (Shanghai: 600875.SS - news) 16 (Reuters) - A unit of Deutsche Bank AG (IOB: 0H7D.IL - news) conceded that it misled investors and violated securities laws and will pay more than $40 million to settle charges that it misinformed clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday. The bank agreed to pay $37 million to settle charges from federal and New York state regulators, and an additional $3.25 million to the Finan