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:
33-10272
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 Section 8A of the Securities Act of 1933, 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
16-Dec-2016
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On December 16, 2016, the SEC instituted a settled proceeding against Deutsche Bank Securities Inc. According to the SEC: "this case arises from Deutsche Bank’s material misstatements and omissions, during the period January 2012 through February 2014 (the “Relevant Period”), regarding its operation of SuperX+, an order router that primarily routes equity orders to venues known as “dark pools.”
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$18,500,000.00
Shared: