Violation Tracker Individual Record

Company: 
Deutsche Bank Securities Inc.
Current Parent Company: 
Deutsche Bank
Penalty: 
$87,500,000
Year: 
2004
Date: 
August 26, 2004
Primary Offense: 
investor protection violation
Violation Description: 

The SEC, the North American Securities Administrators Association, NASD Inc., the New York Stock Exchange and state securities regulators announced that Deutsche Bank Securities Inc. would pay $87.5 million to settle allegations that its investment banking interests had undue influence on its securities research.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.