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Violation Tracker Individual Record

Company: DB Structured Products, Inc.
Current Parent Company: Deutsche Bank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $11,500,000
Year: 2013
Date: October 17, 2013
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: DB Structured Products, Inc. agreed to pay the state $11.5 million as part of the resolution of an investigation into the firm's role in purchasing and securitizing subprime and Alt-A mortgage loans in Nevada.
Level of Government: state
Action Type: agency action
Agency: Nevada Attorney General
Civil or Criminal Case: civil
Facility State: Nevada
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.