Finra Fines Deutsche Bank Securities Unit $1.4 Million
Ezequiel Manaya
Wall Street Journal, 19 November 2015
Wall Street’s watchdog group said Thursday that it fined Deutsche Bank AG’s securities unit $1.4 million for violating its short interest reporting rule.
The Financial Industry Regulatory Authority, or Finra, said Deutsche Bank had in some cases for more than a decade improperly tracked the number of shares it had borrowed, or padded the total number of securities it held of certain stocks.
