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Violation Tracker Individual Record

Company: Deutsche Bank Securities Inc.
Current Parent Company: Deutsche Bank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $28,750,000
Year: 2005
Date: July 15, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Mega-Scandal: Brokerage House Conflicts of Interest
Violation Description: Deutsche Bank Securities agreed to pay $28.75 million to a group of states to resolve allegations of conflicts of interest among its research analysts. This was part of a larger $87.5 million settlement involving the SEC; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.