SEC Fines Deutsche Bank Securities $4 Million for ‘Stale' Suspicious Activity Reports

Deutsche Bank Securities agreed to pay a $4 million civil penalty to settle Securities and Exchange Commission (SEC) charges that it failed to file certain Suspicious Activity Reports (SARs) in a timely manner.Without admitting or denying the regulatory agency’s findings, the registered broker-dealer and Deutsche Bank subsidiary agreed to a censure and a cease-and-desist order in addition to the civil penalty, the SEC said in a Friday (Dec. 20) press release.“Even the best information collected from SARs is ...