November 8, 2018 / 5:06 PM / 13 days ago

CFTC charges former Deutsche Bank trader with fraudulently mismarking swaps

WASHINGTON, Nov 8 (Reuters) - The U.S. Commodity Futures Trading Commission filed and settled charges against a former managing director for Deutsche Bank AG for fraudulently mismarking swap valuations to conceal significant trading losses, the CFTC said on Thursday.

The commissioner's order requires the trader to pay a $350,000 civil penalty and bars him from exchange trading and seeking registration with the CFTC, the commission said in a statement. (Reportint by Makini Brice; Editing by Alison Williams)

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