Defendant Name:
Deutsche Bank Securities, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Deutsche Bank AG
SIC Code:
6029
CUSIP:
D1819089
Document Reference:
34-83677
Document Details
Legal Case Name
In the Matter of Deutsche Bank Securities Inc.
Document Name
Order Instituting Administrative Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
Document Date
20-Jul-2018
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
The SEC stated that: "These proceedings arise out of DBSI's improper practices with respect to securities lending transactions involving pre-released American Depositary Receipts ("ADRs"). . . Since at least April 2012 until approximately June 2015, DBSI received from Pre-Release Brokers pre-released ADRs (American Depositary Receipts) where neither the Pre-Release Brokers nor DBSI had taken reasonable steps to satisfy the Pre-Release Brokers' obligations under the Pre-Release Agreements."
Disgorgement & Penalty Information
Resolutions
Censured
Cooperation Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$995,506.60
Shared:
Civil Penalty
Individual:
$497,753.30
Shared:
Pre-Judgment Interest
Individual:
$155,006.02
Shared:
