Deutsche Bank (DB) was censured, fined $2.5M, and must certify that it has implemented a supervisory system, the Financial Industry Regulatory Authority announced in a letter. The bank violated multiple research report disclosure requirements, impacting approximately 110,000 debt and equity research reports, the agency contends. Deutsche Bank failed to disclose expected investment banking compensation, it added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DB:
- Deutsche Bank’s Strategic Insights and Accounting Practices Highlighted at Investor Conference
- Deutsche Bank AG: Strategic Shift and Growth Potential Drive Buy Rating
- Deutsche Bank price target raised to EUR 38.40 from EUR 36 at JPMorgan
- Deutsche Bank AG: Strategic Growth and Efficiency Plan Justifies Buy Rating
- Midday Fly By: Qualcomm reports Q4 beat, Schwab acquires Forge