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CFTC charges former Deutsche Bank trader with fraudulently mismarking swaps

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WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission filed and settled charges against a former managing director for Deutsche Bank AG <DBKGn.DE> 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 (266,893 pounds) 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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