Market Manipulation Fines Continue (Yes It’s Deutsche Bank Again)


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Here’s a $2.5M fine settled by Deutsche Bank for manipulation of the GDX….

Eric Scott Hunsader is one of the true champions of exposing the fraud and manipulation on the charts, in real-time, as they happen:

THE NASDAQ STOCK MARKET LLC
NOTICE OF ACCEPTANCE OF AWC

Certified, Return Receipt Requested

TO: Deutsche Bank Securities Inc.
Mr. Steven F. Reich
General Counsel
60 Wall Street
New York, NY 10005

FROM: The NASDAQ Stock Market LLC (“Nasdaq”) c/o Financial Industry Regulatory Authority (“FINRA”)
Department of Market Regulation
9509 Key West Avenue
Rockville, MD 20850

DATE: July 27, 2017

RE: Notice of Acceptance of Letter of Acceptance, Waiver and Consent No. 20130393135-05

Please be advised that your above-referenced Letter of Acceptance, Waiver and Consent (“AWC”) has been accepted on June 28, 2017 by the Nasdaq Review Council’s Review Subcommittee, or by the Office of Disciplinary Affairs on behalf of the Nasdaq Review Council, pursuant to Nasdaq Rule 9216. A copy of the AWC is enclosed herewith.
You are again reminded of your obligation, if currently registered, immediately to update your Uniform Application for Broker-Dealer Registration (“Form BD”) to reflect the conclusion of this disciplinary action. Additionally, you must also notify FINRA (or NASDAQ if you are not a member of FINRA) in writing of any change of address or other changes required to be made to your Form BD.
You will be notified by the Registration and Disclosure Department regarding sanctions if a suspension has been imposed and by NASDAQ’s Finance Department regarding the payment of any fine if a fine has been imposed.