Company: EUO
Filing Date: 2025-03-18
Form Type: S-3/A
Source: 0001193125-25-056731
Chunk: 215

Company: ProShares Trust II
Filing Date: 2025-03-18
Form: S-3/A
Chunk 215
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DBAG), related to compliance with record retention requirements in connection with communications sent or received by CFTC Associated Persons on employee personal devices via electronic messaging channels. The Bank is fully cooperating with both inquiries. The Corporation entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA on December 31, 2020, which resolved the matter for $2.5 million. FINRA found that from 1998 to 2017, DBSI did not establish and maintain a supervisory system reasonably designed to achieve compliance with its record retention obligations. FINRA noted that the Corporation undertook remediation efforts to address its record retention obligations. Sovereign, Supranational and Agency Bonds (SSA) Investigations and Litigations DBAG received inquiries from certain regulatory and law enforcement authorities, including requests for information and documents, pertaining to SSA bond trading. DBAG is cooperating with these investigations. On May 24, 2023, the Competition and Markets Authority (CMA) sent a Statement of Objections to Deutsche Bank regarding a potential breach of United Kingdom antitrust rules in relation to secondary market trading of United Kingdom government bonds, which includes Gilts and Gilt asset swaps. Deutsche Bank proactively cooperated with the CMA in this matter and as a result was granted immunity. The sending of a Statement of Objections is a step in the CMA’s investigation and does not prejudge the outcome of the investigation, which is ongoing. Deutsche Bank is a defendant in a putative class action filed on June 16, 2023 in the U.S. District Court for the Southern District of New York by alleged direct market participants claiming a violation of antitrust law related to alleged manipulation of the secondary trading market for United Kingdom government bonds. The complaint seeks treble damages and attorneys’ fees. The case is in the early stages. On December 6, 2022, the European Commission sent a Statement of Objections to DBAG regarding a potential breach of EU antitrust rules in relation to secondary market trading of Euro-denominated SSA bonds, Sovereign bonds, Covered bonds, and Government guaranteed bonds. DBAG proactively cooperated with the European Commission in this matter and as a result was granted immunity. The sending of a Statement of Objections is a step in the European Commission’s investigation and does not prejudge the outcome of the investigation, which is ongoing. DBAG is a defendant in a putative class action filed on December 9, 2022, in the U.S.