Defendant Name: Deutsche Bank Securities, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Deutsche Bank AG
SIC Code: 6021
CUSIP: D1819089

Initial Case Details

Legal Case Name SEC v. Deutsche Bank Securities, Inc.
First Document Date 26-Aug-2004
Initial Filing Format Civil Proceeding
Case Number 04-cv-06909
Allegation Type Investment Advisers/Investment Companies
Federal District Court New York, Southern District of New York

Violations Alleged

Other
• Section 17(b) Exchange Act; Rules 2110, 2210, 3010 Conduct Rules of NASD; Rules 342, 401, 472, 476 NYSE

Resolutions

First Resolution Date 26-Aug-2004
Headline Total Penalty and Disgorgement $87,500,000

Related Documents:

LR-18854 26-Aug-2004 Litigation Release
SEC Sues Deutsche Bank Securities Inc. for Research Analyst Conflicts of Interest and Failure to Timely Produce All E-mail. Firm to Pay $87.5 Million to Settle With SEC, NASD, NYSE, and State Regulators
According to the SEC: "The Securities and Exchange Commission announced today that it has settled charges against Deutsche Bank Securities Inc., a brokerage firm and investment bank with its headquarters and principal executive offices in New York, New York, arising from an investigation of research analyst conflicts of interest. This settlement is related to the global settlement that ten other firms reached with the Commission, NASD, Inc., the New York Stock Exchange, Inc. ("NYSE"), and state securities regulators in April 2003."
comp18854 26-Aug-2004 Complaint
Complaint
According to the SEC: "Deutsche Bank engaged in acts and practices that created and/or maintained inappropriate.influence by investment banking over research analysts, thereby creating conflicts of interest for its research analysts. Deutsche Bank failed to manage these conflicts in an adequate manner."
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Deutsche Bank Securities, Inc. and the other firms covered by the Global Research Analyst Settlement.