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Steven Lofchie Commentary by Steven Lofchie

The CFTC Division of Swap Dealer and Intermediary Oversight granted certain CPOs exemptive relief from requirements to obtain participant waivers. The relief allows the CPOs to provide unaudited financial statements in conjunction with Annual Reports when liquidating a series of an SEC-registered investment company.

Deutsche Bank AG agreed to pay a $425 million fine and hire an independent compliance monitor to settle New York Department of Financial Services charges alleging that traders in a Moscow affiliate of the bank conducted a money laundering "mirror-trading" scheme.