A Deutsche Bank AG unit will pay more than $4 million to settle allegations that it failed to properly report data on millions of options trades, according to the Financial Industry Regulatory Authority (FINRA). The alleged conduct happened between 2010 and 2015 and violated FINRA rules aimed at identifying holders of large options positions who may be trying to manipulate the market or violate other industry rules. NASDAQ and the International Securities Exchange also took part in the investigation. The bank allegedly made enhancements to its reporting systems after hiring an independent consultant to review them.
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