Published On: November 23, 2015

The Financial Industry Regulatory Authority (FINRA) on Thursday fined Deutsche Bank AG’s securities unit $1.4 million for violating its short interest reporting rule. Allegedly, Deutsche Bank improperly tracked the number of shares it had borrowed, or padded the total number of securities it held of certain stocks for over a decade. FINRA also claims that the bank reported its “short” positions on a net, rather than gross basis, as required, from April 2004 until September 2012. The bank was faulted for supervisory failures on these matters.

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