FINRA fined Deutsche Bank Securities $2 million. This decision was taken in connection with rule 5310. This rule assumes that the company must provide the most profitable solution available to the client. But it was revealed that Deutsche Bank violated the best execution rules. The bank routed the orders of its users through SuperX, which caused a delay. Due to the delay of the order, users received lower filling rates. FINRA conducted an investigation of the reporting and found many such violations. The brokerage industry regulator said that the company did not take into account all the factors to comply with the rule.
Deutsche Bank received a fine from FINRA

Rate the article
Rate this finarm_news
Popular news
Most Popular Forex Trading Platforms
When it comes to forex trading, both beginner and seasoned investors have a few great options to…

NinjaTrader VS Thinkorswim
Introduction Trading financial assets such as futures, options, forex, and other derivative financial assets can be a…

Financial Instruments that Forex Brokers Use
Forex brokerage services have come a long way in the last few years and have introduced a…

UK FCA Gains the Power to Abolish Broker Permissions Soon
The UK Financial Conduct Authority has stated that it is seeking to speed up the process of…

Also on Finarm
- 20 May 2022, 12:05Finarm Digest: May 13 – 20, 2022This week’s digest is sure to surprise many of you! Some great news for a lot of companies, a change in leadership, an exciting collaboration, and ...
- 19 May 2022, 06:05Nigeria Forwards Legislation to Regulate CryptoA year and a half after Nigeria first expressed its initiative to deal with cryptocurrencies, Nigeria’s regulatory body created new legislation foc...
- 19 May 2022, 06:05BTC Payments Accepted within the Emirates; NFT Collectible LaunchThe largest and most popular airline service within the United Arab Emirates reveals its plan to ...
- 19 May 2022, 06:05Bitcoin Mining Prohibition Lifted in NorwayLast Tuesday, a vote took place where the majority voted not to go through with the ban on bitcoin mining. Only the left-leaning parties supported ...
- 19 May 2022, 06:05TTNSW Sponsored by ACY SecuritiesA popular CFD broker, ACY Securities, reveals a backing program with Table Tennis New South Wales for the upcoming 2 years. The sponsorship shouldn...
- 19 May 2022, 05:05The UK to regulate stablecoinsDespite a plummet in the crypto market stocks last week, the UK seems bent on forwarding plans to regulate stablecoins. The movement continued afte...
Login
0 Comments
Inline Feedbacks
View all comments