August 08, 2016 BY LeapRate Staff
Deutsche Bank hit with $12.5 million FINRA fine for internal hoots and squawks
U.S. securities industry regulator The Financial Industry Regulatory Authority (FINRA) has announced it has fined the Deutsche Bank Securities Inc. unit of German banking giant Deutsche Bank AG (USA) (NYSE:DB) $12.5 million for significant supervisory failures related to research and trading-related information it disseminated to its employees, called 'hoots' or 'squawks,' over internal speakers commonly known as…
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