CFTC News: CFTC Charges Former Deutsche Bank Trader with Fraudulently Mismarking Swaps

8Nov - by Editor - 0 - In STL.News



Division of Enforcement also Issues Declination Letter to Deutsche Bank in Recognition of its Self-Reporting, Full Cooperation and Remediation

Washington, DC — The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking swap valuations to conceal significant trading losses.  The CFTC Order requires Bourne to pay a $350,000 civil penalty and permanently bans Bourne from trading on exchange and seeking registration with the CFTC, among other prohibitions.

Continue reading CFTC News: CFTC Charges Former Deutsche Bank Trader with Fraudulently Mismarking Swaps at STL.News.



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