Defendant Name:
DWS Investment Management Americas, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Deutsche Bank AG
SIC Code:
6029
CUSIP:
D1819089
Document Reference:
IA-6432
Document Details
Legal Case Name
In the Matter of DWS Investment Management Americas, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
25-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On September 25, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against DWS Investment Management Americas, Inc., stating: "This matter arises from DWS Investment Management Americas, Inc.’s (“DIMA”) material misstatements, and its failure to adopt and implement policies and procedures reasonably designed to prevent the resulting violations of the Advisers Act and the rules thereunder concerning DIMA’s integration of Environmental, Social, and Governance (“ESG”) factors in research and investment recommendations for certain actively managed ESG integrated mutual funds and separately managed account strategies advised by DIMA (collectively the “ESG Integrated Products”)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$19,000,000.00
Shared:
