Defendant Name:
Deutsche Bank AG
Defendant Type:
Public Company
Document Reference:
2015-99
Document Details
Legal Case Name
In the Matter of Deutsche Bank AG
Document Name
SEC Charges Deutsche Bank With Misstating Financial Reports During Financial Crisis
Document Date
26-May-2015
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
(Penalty was noted in document, but no amount was listed)
