Deutsche Bank’s Seoul branch has been barred from proprietary trading on its own account for six months, Financial Times reports. South Korea alleged that the bank manipulated the Seoul stock market in 2010 to profit from declining share prices. Deutsche’s local securities division will not be able to trade shares and derivatives on its own account from April. Regulators have also urged prosecutors to probe five senior Deutsche executives from Hong Kong, New York and Seoul claiming the bank reaped $40 million in profit by exercising put options after it sold about $2.2 billion of shares on November 11.

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