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Deutsche Bank Settles With SEC, NYSAG Over Charges of Materially Misleading Statements

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“Automated strategies for routing customer orders are a critically important part of the market,” said Robert Cohen, Co-Chief of the Enforcement Division’s Market Abuse Unit.  “Broker-dealer customers expect to be told if a routing program like Deutsche Bank’s does not function properly, relies on stale data, and routes millions of orders contrary to the described methodology.”