Defendant Name:
Deutsche Bank Securities, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-18854
Document Details
Legal Case Name
SEC v. Deutsche Bank Securities Inc.
Document Name
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
Document Date
26-Aug-2004
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
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."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Monetary Penalties:
Disgorgement
Individual:
$25,000,000.00
Shared:
Civil Penalty
Individual:
$25,000,000.00
Shared:
Additional penalty ($7.5M); Independent Research ($25M); Investor Education ($5M)
Individual:
$37,500,000.00
Shared:
