Deutsche Bank Securities to pay $1 million for failed compliance

On February 8, 2013, a Hearing Panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement between IIROC staff and Deutsche Bank Securities Ltd. It says the bank admitted in late July and early August 2007 that it failed to engage compliance with emerging issues in the asset-backed commercial paper market, contrary […]

By Staff | February 8, 2013 | Last updated on February 8, 2013

1 min read

On February 8, 2013, a Hearing Panel of the Investment Industry Regulatory Organization of Canada accepted a settlement agreement between IIROC staff and Deutsche Bank Securities Ltd.

It says the bank admitted in late July and early August 2007 that it failed to engage compliance with emerging issues in the asset-backed commercial paper market, contrary to Investment Dealers Association of Canada Policy 5.

Pursuant to the settlement agreement, the bank agreed to pay a fine of $1 million.

Read the settlement agreement.

Also read:

Banks accused of manipulating U.S. electricity markets

Multi-million dollar violations uncovered at Deutsche Bank