ARNOLD F. SOCK, Attorney at Law, Opines on: New York Department of Financial Services Fines Deutsche Bank with $205,000,000 Fine over Forex Trading
The New York State Department of Financial Services said that Deutsche Bank AG has agreed to pay a $205,000,000 penalty to settle the allegations of improper conduct in the bank’s foreign exchange business. This includes were traders participated in electronic chat rooms where they swapped confidential information about customers and talked about coordinating their trading activity.
ARNOLD F. SOCK, Attorney at Law, feels that manipuation of any market is not only illegal it is immoral.