Violation Tracker Individual Record

Company: 
Deutsche Bank Securities Inc.
Current Parent Company: 
Deutsche Bank
Penalty: 
$28,750,000
Year: 
2005
Date: 
July 15, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
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 https://violationtracker.goodjobsfirst.org/violation-tracker/-deutsche-b...

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
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.