Deutsche Bank agreed to pay more than $4.4m to settle regulatory claims that it failed to supervise traders who misled customers about the price of commercial mortgage bonds.

The Securities and Exchange Commission said Monday that the payment includes $3.7m to reimburse clients that traded with the German bank, which also will pay a $750,000 civil penalty. Deutsche Bank’s traders generated illicit profits by misleading customers from 2011 to 2015 about the prices they paid to acquire the securities, which allowed them to sell the bonds at higher prices, the SEC said.