Deutsche Bank Settles Finra Conflict Claims for $2.5 Million (1)

Deutsche Bank AG will pay $2.5 million to resolve an industry regulator’s allegations that it failed to properly disclose conflicts of interest in debt and equity research reports.

The Financial Industry Regulatory Authority announced the settlement Wednesday. Deutsche Bank Securities Inc. agreed to pay the penalty without admitting or denying the claims. The bank declined to comment.

According to Finra, Deutsche Bank for nearly two decades failed to comply with multiple research report disclosure requirements, impacting approximately 110,000 debt and equity research reports. The bank also allegedly failed to establish and maintain a supervisory system to comply with the requirements. ...