Swiss Exchange imposes fine on db x-trackers Sicav

Six Swiss Exchange has placed a fine of CHF10,000 upon Luxembourg-based db x-trackers Sicav for violating reporting requirements. The fine is due to the failure to report dividend payments for several of its ETFs which are traded on Six Swiss Exchange. In August last year, db x-trackers Sicav Luxembourg failed to deliver on time the required data on dividend payments for several ETFs to Six Swiss. As Six Swiss received no report, the current market price of the related equity securities was not correctly set on August 22 2008. Consequently, the securities were traded at prices that we...