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$134m Deutsche Bank US trading settlement

Published January 29, 2006
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NEW YORK, Jan 28: The asset management unit of Deutsche Bank AG said on Friday that it and a broker dealer affiliate expect to pay $134 million to settle investigations into improper trading in its Scudder Funds.

Deutsche Asset Management said it and broker dealer Deutsche Bank Securities Inc. expect to reach agreements with the US Securities and Exchange Commission, the NYSE, the Attorney General of New York and the Illinois secretary of state in early 2006.—Reuters

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