Violation Tracker Individual Record
Company:
DB Structured Products, Inc.
Current Parent Company:
Deutsche Bank
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 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.
