{"id":3631,"date":"2016-08-20T00:00:00","date_gmt":"2016-08-20T05:00:00","guid":{"rendered":"https:\/\/stockbrokerfraudblog.blawgcloud.com\/2016\/08\/cftc_and_finra_file_charges_ag"},"modified":"2022-03-22T16:08:25","modified_gmt":"2022-03-22T21:08:25","slug":"cftc-and-finra-file-charges-ag","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/","title":{"rendered":"CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes"},"content":{"rendered":"<p>The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). According to the regulator, for five days the firm, which is a provisionally registered Swap Dealer, did not report any swap data for a number of asset classes, turned in untimely and unfinished swap information, failed to supervise the staff responsible for the reporting of the swap data, and had an inadequate Business and Continuity and Disaster Recovery Plan.<\/p>\n<p>The bank\u2019s swap data reporting system had suffered a System Outage. The CFTC said that the  swap data reported prior to and after the outage showed that there had been ongoing problems with specific data fields and their integrity. As a result, the market data issued to the public was affected. Some of it purportedly continues to be affected to this day. The CFTC said that a reason for the System Outage and the reporting problems is that Deutsche Bank lacked an adequate Business Continuity and Disaster Recovery Plan or another supervisory system that was equally satisfactory.<\/p>\n<p>Earlier this month, the Financial Industry Regulatory Authority fined Deutsche Bank $12.5M for substantive <a href=\"https:\/\/www.investorlawyers.com\/failure-to-supervise.html\">supervisory failures<\/a> involving trading-related information and research that the firm had issued to employees over internal speakers, also referred to as squawk boxes. The self-regulatory organization said that even though there were red flags related to this matter, Deutsche Bank neglected to set up supervision that was adequate over both the access that registered representatives had to the \u201csquawk,\u201d or \u201choots,\u201d which is the information issue through the squawk boxes, and the communication of this data to customers.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/#more-3631\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). According to the regulator, for five days the firm, which is a provisionally registered Swap Dealer, did not report any swap data for a number of asset classes, turned in untimely and unfinished swap information, failed to supervise the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810,3818,3752,3739],"tags":[],"class_list":["post-3631","post","type-post","status-publish","format-standard","hentry","category-cftc","category-deutsche-bank","category-financial-firms","category-finra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes &#8212; Investor Lawyers Blog &#8212; August 20, 2016<\/title>\n<meta name=\"description\" content=\"The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). According to the regulator, for five days the firm, &#8212; August 20, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes &#8212; Investor Lawyers Blog &#8212; August 20, 2016\" \/>\n<meta name=\"twitter:description\" content=\"The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). According to the regulator, for five days the firm, &#8212; August 20, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes &#8212; Investor Lawyers Blog &#8212; August 20, 2016","description":"The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). According to the regulator, for five days the firm, &#8212; August 20, 2016","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/","twitter_card":"summary_large_image","twitter_title":"CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes &#8212; Investor Lawyers Blog &#8212; August 20, 2016","twitter_description":"The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). According to the regulator, for five days the firm, &#8212; August 20, 2016","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes","datePublished":"2016-08-20T05:00:00+00:00","dateModified":"2022-03-22T21:08:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/"},"wordCount":574,"articleSection":["CFTC","Deutsche Bank","Financial Firms","FINRA"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/","url":"https:\/\/www.investorlawyers.com\/blog\/cftc-and-finra-file-charges-ag\/","name":"CFTC and FINRA File Charges Against Deutsche Bank Over Swap Data and Information Transmitted Over Squawk Boxes &#8212; Investor Lawyers Blog &#8212; August 20, 2016","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2016-08-20T05:00:00+00:00","dateModified":"2022-03-22T21:08:25+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The U.S. Commodity Futures Trading Commission has filed a civil case against Deutsche Bank AG (DB). 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