{"id":4295,"date":"2017-04-21T21:47:45","date_gmt":"2017-04-22T02:47:45","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4295"},"modified":"2022-03-25T14:03:20","modified_gmt":"2022-03-25T19:03:20","slug":"securities-news-deutsche-bank-fined-157m-violating-volcker-rule-cftc-charges-couple-hedge-fund-fraud-sec-accuses-oil-gas-promoter-inflating-aum","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-news-deutsche-bank-fined-157m-violating-volcker-rule-cftc-charges-couple-hedge-fund-fraud-sec-accuses-oil-gas-promoter-inflating-aum\/","title":{"rendered":"Securities News: Deutsche Bank Fined $157M For Violating Volcker Rule, CFTC Charges Couple With Hedge Fund Fraud, &#038; SEC Accuses Oil and Gas Promoter of Inflating AUM"},"content":{"rendered":"<p><strong>Federal Reserve Imposes First Fine to a Bank Over A Volcker Rule Violation<\/strong><br \/>\nFor violating the Volcker Rule\u2019s ban on making risky market bets, Deutsche Bank (DB) must pay a $157M fine for not making sure its traders didn\u2019t make such bets and for allowing its currency desks to engage in online chats with competitors, during which time they allegedly disclosed positions. It was just last year that the German lender admitted that it did not have sufficient systems in place to keep track of activities that could violate the ban.<\/p>\n<p>Under the Volcker Rule, banks that have federal insured deposits are not allowed to bet their own funds. They also are supposed to makes sure that when their traders help clients sell and buy securities, they aren\u2019t engaging in bet making.<\/p>\n<p>For the system lapses, the Federal Reserve fined Deutsche Bank $19.7M. The remaining $136.9M fine is for the chats and because the bank purportedly did not detect when currency traders were revealing positions or trying to coordinate strategies with competitors.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-news-deutsche-bank-fined-157m-violating-volcker-rule-cftc-charges-couple-hedge-fund-fraud-sec-accuses-oil-gas-promoter-inflating-aum\/#more-4295\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Imposes First Fine to a Bank Over A Volcker Rule Violation For violating the Volcker Rule\u2019s ban on making risky market bets, Deutsche Bank (DB) must pay a $157M fine for not making sure its traders didn\u2019t make such bets and for allowing its currency desks to engage in online chats with competitors, [&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":[3810,3818,3748,3781,3801,3760],"tags":[2794,2638,2540],"class_list":["post-4295","post","type-post","status-publish","format-standard","hentry","category-cftc","category-deutsche-bank","category-hedge-funds","category-investment-advisers","category-sec","category-sec-enforcement","tag-commodity-futures-fraud","tag-federal-reserve","tag-volcker-rule"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities News: Deutsche Bank Fined $157M For Violating Volcker Rule, CFTC Charges Couple With Hedge Fund Fraud, &amp; SEC Accuses Oil and Gas Promoter of Inflating AUM &#8212; Investor Lawyers Blog &#8212; April 21, 2017<\/title>\n<meta name=\"description\" content=\"Federal Reserve Imposes First Fine to a Bank Over A Volcker Rule Violation For violating the Volcker Rule\u2019s ban on making risky market bets, Deutsche Bank &#8212; April 21, 2017\" \/>\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\/securities-news-deutsche-bank-fined-157m-violating-volcker-rule-cftc-charges-couple-hedge-fund-fraud-sec-accuses-oil-gas-promoter-inflating-aum\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities News: Deutsche Bank Fined $157M For Violating Volcker Rule, CFTC Charges Couple With Hedge Fund Fraud, &amp; SEC Accuses Oil and Gas Promoter of Inflating AUM &#8212; Investor Lawyers Blog &#8212; April 21, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Federal Reserve Imposes First Fine to a Bank Over A Volcker Rule Violation For violating the Volcker Rule\u2019s ban on making risky market bets, Deutsche Bank &#8212; April 21, 2017\" \/>\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":"Securities News: Deutsche Bank Fined $157M For Violating Volcker Rule, CFTC Charges Couple With Hedge Fund Fraud, & SEC Accuses Oil and Gas Promoter of Inflating AUM &#8212; Investor Lawyers Blog &#8212; April 21, 2017","description":"Federal Reserve Imposes First Fine to a Bank Over A Volcker Rule Violation For violating the Volcker Rule\u2019s ban on making risky market bets, Deutsche Bank &#8212; April 21, 2017","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\/securities-news-deutsche-bank-fined-157m-violating-volcker-rule-cftc-charges-couple-hedge-fund-fraud-sec-accuses-oil-gas-promoter-inflating-aum\/","twitter_card":"summary_large_image","twitter_title":"Securities News: Deutsche Bank Fined $157M For Violating Volcker Rule, CFTC Charges Couple With Hedge Fund Fraud, & SEC Accuses Oil and Gas Promoter of Inflating AUM &#8212; 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