Defendant Name: Deutsche Bank AG

Defendant Type: Public Company
SIC Code: 6022
CUSIP: D1819089

Initial Case Details

Legal Case Name In the Matter of Deutsche Bank AG
First Document Date 26-May-2015
Initial Filing Format Administrative Action
File Number 3-16557
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Other
• Rule 13a-16 Exchange Act

Resolutions

First Resolution Date 26-May-2015
Headline Total Penalty and Disgorgement $55,000,000

Related Documents:

34-75040 26-May-2015 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order and Civil Penalties
On May 26, 2015, the SEC instituted settled administrative proceedings against Deutsche Bank AG. According to the SEC: "This matter relates to Deutsche Bank's overvaluation of certain Leveraged Super Senior trades during the height of the global financial crisis which resulted in misstatements to Deutsche Bank's financial statements for year end 2008 and the first quarter of 2009....Deutsche Bank's deficient internal accounting controls contributed to Deutsche Bank's failure to adequately assess the Gap Risk, resulting in the misstatement of its financial statements."
2015-99 26-May-2015 Press Release--Administrative Proceeding
SEC Charges Deutsche Bank With Misstating Financial Reports During Financial Crisis
On May 26, 2015, the SEC announced that it charged Deutsche Bank AG ("Deutsche Bank") with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the billions of dollars. Deutsche Bank agreed to pay a $55 million penalty to settle the charges. Additionally, the SEC's order requires Deutsche Bank to cease and desist from committing or causing any violations or future violations of Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 12b-20, 13a-1, and 13a-16.