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Violation Tracker Individual Record

Company: Commerzbank AG
Current Parent Company: Commerzbank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $12,000,000
Year: 2018
Date: November 8, 2018
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The Commodity Futures Trading Commission issued an Order filing and simultaneously settling charges against Commerzbank AG for numerous violations of the Commodity Exchange Act and CFTC Regulations, including failing to supervise its Swap Dealer's activities for more than five years and making misleading statements and material omissions to the CFTC concerning its Swap Dealer's operations and compliance with the CEA and CFTC Regulations.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.