Defendant Name:
Deutsche Bank AG
Defendant Type:
Public Company
SIC Code:
6022
CUSIP:
D1819089
Document Reference:
34-75040
Document Details
Legal Case Name
In the Matter of Deutsche Bank AG
Document Name
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
Document Date
26-May-2015
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$55,000,000.00
Shared:
