Violation Tracker Individual Record

Company: 
Deutsche Bank Securities Inc.
Current Parent Company: 
Deutsche Bank
Penalty: 
$17,500,000
Year: 
2013
Date: 
March 13, 2013
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

DBSI agreed to pay a $17.5 million administrative penalty in settlement of allegations it failed to disclose conflicts of interests or supervise its employees while working with and investing in a hybrid CDO named Carina CDO, Ltd.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Massachusetts Securities Division
Civil or Criminal Case: 
civil
Facility State: 
Massachusetts
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
banking & securities
Specific Industry of Parent: 
financial services
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.