Deutsche Bank Securities Inc. (DBSI) will be repaying “more than $3.7 million to customers,” including $1.48 million in disgorgements as part of a settlement with the SEC, which is alleging that the Deutsche Bank subsidiary misled customers about the pricing of commercial mortgage-backed securities (CMBSes) from March 2011 to August 2015. DBSI, which once operated… Read More >>
CFTC Hits DBSI with a $70M Civil Monetary Penalty
Deutsche Bank Securities Inc. (DBSI) will pay a $70 million civil monetary penalty for its attempted manipulation of the U.S. dollar ISDAFIX benchmark, according to a recent CFTC order that both filed and settled the charges against the indirect wholly owned subsidiary of Germany’s venerable Deutsche Bank AG. DBSI officials neither admitted nor denied the… Read More >>
Deutsche Bank Securities Fined $6M for ‘Blue Sheet’ Woes
The Financial Industry Regulatory Authority (FINRA) reports that Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank, has been fined $6 million for “failing to provide complete and accurate trade data in an automated format in a timely manner when requested by FINRA and the Securities and Exchange Commission (SEC).” “Blue sheets” is the informal… Read More >>
FINRA Cracks Down on Deutsche Bank Securities, Scottrade
While alleged acts of fraud by Wall Street firms have gotten the spotlight this year, financial services regulator, the Financial Industry Regulatory Authority (FINRA), is making the point with some firms that they need to maintain high standards for regulatory reporting and for keeping their books and records as specified by industry watchdogs. Most recently,… Read More >>
