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Deutsche Bank to pay $37 million to settle charges it misled dark pool investors

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Reuters WASHINGTON
Last Updated : Dec 16 2016 | 9:28 PM IST

WASHINGTON (Reuters) - A unit of Deutsche Bank AG will pay $37 million to settle federal and state charges alleging the bank misled its dark pool clients about its order routing services, New York Attorney General Eric Schneiderman said Friday.

In settling with both New York and the U.S. Securities and Exchange Commission, Schneiderman said Deutsche Bank also admitted that its marketing materials were misleading.

(Reporting by Sarah N. Lynch; Editing by Lisa Von Ahn)

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First Published: Dec 16 2016 | 9:19 PM IST

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