Defendant Name:
Deutsche Bank Securities, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
court_doc133_04-cv-06909
Document Details
Legal Case Name
SEC v. Deutsche Bank Securities, Inc.
Document Name
Notice Regarding Defendants' Rule 60(b) Motion to Modify Addendum A of Global Research Settlement
Document Date
05-Dec-2025
Document Format
Civil Proceeding
Case Number
04-cv-06909
Federal District Court
New York, Southern District of New York
Allegation Type
Investment Advisers/Investment Companies
Document Summary
The SEC stated: "[T]he Securities and
Exchange Commission (SEC) consents to the relief sought by the motions and
agrees that the final judgments should be modified as reflected in the proposed
orders submitted by each respective Defendant. . . . Based on these unique facts and circumstances, the SEC believes
modification of the Judgment is in the public interest."
Disgorgement & Penalty Information
Resolutions
The SEC stated: "[T]he Securities and Exchange Commission (SEC) consents to the relief sought by the motions and agrees that the final judgments should be modified as reflected in the proposed orders submitted by each respective Defendant. . . . Based on these unique facts and circumstances, the SEC believes modification of the Judgment is in the public interest."
Related Documents:
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."
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."
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.
Global Research Analyst Settlement; SEC Consents to Termination of Undertakings in Global Research Analyst Settlement
On December 5, 2025, the SEC stated that: "[It] consented to modifications to the
October 2003 . . . and September 2004 . . . final judgments against settling firms still
covered by the Global Research Analyst Settlement, a global settlement of SEC and other
enforcement actions against twelve investment banks and two individuals. The modifications
are subject to court approval."
court_doc136_04-cv-06909
16-Dec-2025
Court Docket Document
Order
The Court stated: "On December 5, 2025, Defendants in the above-captioned matters filed a motion under Rule 60(b) requesting that this Court further modify Addendum A by terminating the remaining provisions in Sections I and II, and Defendants' request is GRANTED for the reasons identified in their motion."
