U.S. CFTC orders Commerzbank AG to pay $12 million for swap dealing violations

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WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission ordered Commerzbank AG (DE:CBKG) on Thursday to pay a $12 million civil penalty to settle charges that it failed to supervise its swap dealing activities for more than five years and making misleading statement to the CTFC, the agency said.

The order also requires Commerzbank to retain an outside consultant to review swap dealer compliance for two years, the CFTC said in a statement.

Read more at : https://www.investing.com/news/stock-market-news/us-cftc-orders-commerzbank-ag-to-pay-12-million-for-swap-dealing-violations-1680347

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