Violation Tracker Individual Record

Company: 
Commerzbank AG
Current Parent Company: 
Commerzbank
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 Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.