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Deutsche Bank (DB) Stock Rises, Fined for Unsupervised 'Squawk Box'

NEW YORK (TheStreet) -- Shares of Deutsche Bank (DB) were increasing in afternoon trading on Monday as U.S. regulators said they're fining the Frankfurt-based investment bank $12.5 million over its "squawk box" system.

The Financial Industry Regulatory Authority (Finra)said it had issued "multiple red flags" to Deutsche Bank, warning that the company was broadcasting confidential research and trading-related information to its employees via "squawk boxes," or "hoots," without supervising certain employees' access, the regulator noted in a statement. Finra added that the firm was aware of the warnings, but repeatedly ignored the red flags.

The markets may be unpredictable, but Jim Cramer can show you...


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