Violation Tracker Individual Record

Company: 
Deutsche Bank Securities, Inc.
Current Parent Company: 
Deutsche Bank
Penalty: 
$37,000,000
Year: 
2016
Date: 
December 16, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Deutsche Bank Securities agreed to pay a combined $37 million to the State of New York and the United States Securities and Exchange Commission to settle investigations into false statements and omissions made in connection with the marketing of its electronic equities order routing services, known as the Dark Pool Ranking Model. The SEC also announced the settlement; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-deutsche-b...

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Attorney General
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source of Data: 

A.G. Schneiderman Announces Deutsche Bank Will Pay $37 Million Penalty For Fraudulent Order Routing Practices - The Latest Case Stemming From A.G.'S Insider Trading 2.0 Initiative, State Capital Newsfeed, December 16, 2016 (via Nexis).

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.