Defendant Name:
Deutsche Bank Securities, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Deutsche Bank AG
SIC Code:
6021
CUSIP:
D1819089
Document Reference:
34-79083
Document Details
Legal Case Name
In the Matter of Deutsche Bank Securities, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
12-Oct-2016
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
The Commission stated: "This matter concerns three separate violations of the federal securities laws by DBSI: (1) the failure to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of material, nonpublic information generated by its equity research analysts, in violation of Section 15(g) of the Exchange Act; (2) the publication of a research report that was falsely certified as accurately reflecting the lead analyst's view regarding the covered company, in violation of Rule 501 of Regulation Analyst Certification ("Regulation AC"); and (3) the failure to preserve and furnish promptly to the Commission staff certain electronic communications relating to DBSI's business as a broker and dealer, in violation of Section 17(a) of the Exchange Act and Rule 17a-4 thereunder."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$9,500,000.00
Shared:
