that must pay the German bank millions penalties is almost normal. . But this time, the backgrounds are noteworthy
It is the highest fine ever imposed in such a case: the German bank has around pay $ 12.5 million because it has violated confidentiality provisions.
confidentiality rules? That sounds trögem German legalese. In fact, the employees of the banking house have done a bit rich.
According to supervisor Finra are namely sensitive information about a type of speakers (Squawk Box) been transmitted to analysts and traders the Bank. Analysts and dealers were quite hear this information. But as with speakers is how it is: Other people hear with
In this particular case these were the employees in asset management.. And that would be allowed to hear this information in any case. but acts it – illegally – but
The Finra reported 2008-2014 had had unauthorized access to sensitive operations.. These included about large transactions of customers that can also affect equity prices.
The US overseer complained about the lack of control bank. Internal warnings have been ignored for years.
After all: that bank staff have confidential information actually misused the Finra could not establish
The German bank agreed to revise its control according to the supervisory authority.. A spokeswoman declined to comment, according to Reuters news agency from.
kry / Reuters
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