SEC Fines Deutsche Bank $9.5M After Improperly Disclosing Equity Research
Posted: Tue Oct 11, 2016 7:24 pm
The US’ Securities and Exchange Commission (SEC) has reported a settlement with Deutsche Bank Securities following a penalty of $9.5 million after failing to properly safeguard material nonpublic information generated by its research analysts, according to a regulatory filing.
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Deutsche Bank Securities, like many other lenders routinely has access to sensitive information that is circulated for internal use. The leaking of such information in many instances is prohibited under the SEC and US law, which took shape in a research report. Consequently, the SEC issued a $9.5 million penalty against the ... (read more)