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Deutsche Bank Securities, Inc.

Deutsche Bank Securities, Inc. (CRD #2525, New York, New York) received a censure and fine of $25,000. According to the regulators, the firm failed to accept or decline transactions in eligible securities in ACT within 20 minutes of execution. Additionally, the arbitrators found that the firm failed to immediately display customer limit orders when the orders were at a price that would have improved its bid or offer in each security related to those orders, or when the full size of the orders was priced equal to its bid or offer and the national best bid or offer and the orders represented more than a de minimis change in relation to the size associated with the firm's bid or offer in each security. The firm was required to update its written supervisory procedures within 60 days. Apparently, the firm failed to establish, enforce and maintain supervisory procedures adequately designed to achieve compliance with applicable securities laws, regulations and NASD rules. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS000104)

Did Deutsche Bank Securities, Inc. manage your investments?



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