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Japan regulator seeks penalty for Deutsche Bank

Investment bank improperly provided information about a company to its clients last year

Japan’s securities-market regulator said Tuesday it has asked the Financial Services Agency to punish Deutsche Bank's investment banking unit in Tokyo for improperly providing information about a Japanese company to its clients.

The Securities and Exchange Surveillance Commission said an analyst at Deutsche Securities in Japan obtained details about the unidentified Japanese company's earnings before it announced its financial results in December 2014.

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