Deutsche Bank and GLG Partners have fallen foul of French regulators for the second time in six months after they were among five parties fined as part of an investigation of share trading in music group Vivendi Universal.

In January 2005, the Autorité des Marchés Financiers launched an investigation into trading in Vivendi shares ahead of a convertible bond from the company in November 2002. It today levied fines totaling €6.25m ($8.4m) on Deutsche, which led the bond, and four hedge funds including GLG.