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Violation Tracker Individual Record

Company: Deutsche Asset Management, Inc.
Current Parent CompanyDeutsche Bank
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $750,000
Year: 2003
Date: August 19, 2003
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The SEC imposed a penalty of $750,000 on Deutsche Asset Management, Inc., the investment advisory unit of Deutsche Bank AG, for failing to disclose a material conflict of interest in its voting of client proxies for the 2002 merger between Hewlett-Packard Company and Compaq Computer Corporation.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.