Defendant Name: Deutsche Bank Securities, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Deutsche Bank AG
SIC Code: 6029
CUSIP: D1819089

Initial Case Details

Legal Case Name In the Matter of Deutsche Bank Securities Inc. and Benjamin Solomon
First Document Date 12-Feb-2018
Initial Filing Format Administrative Action
File Number 3-18367
Allegation Type Broker Dealer

Resolutions

First Resolution Date 12-Feb-2018
Headline Total Penalty and Disgorgement $2,514,986

Related Documents:

2018-13 12-Feb-2018 Press Release--Administrative Proceeding
Deutshe Bank to Repay Misled Customers; Firm and Former Head Trader Settle SEC Charges
In a press release issued on February 12, 2018, the SEC "instituted an enforcement action against Deutsche Bank Securities Inc., which has agreed to repay more than $3.7 million to customers, which includes $1.48 million that was ordered as disgorgement."
34-82686 12-Feb-2018 Administrative Proceeding
Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
According to the SEC: "These proceedings arise out of the failure of DBSI and Solomon reasonably to supervise DBSI traders, and for DBSI reasonably to supervise DBSI salespeople, to prevent and detect violations of the antifraud provisions of the federal securities laws in connection with DBSI's secondary market transactions in non-agency commercial mortgage-backed securities ("CMBS")."

Other Defendants in Action:

Benjamin Solomon