Deutsche Bank Securities Inc. Investment Attorney

Client investment losses have many sources and causes, some of which are due to the negligence or wrongdoing of the brokerage firm. The attorneys of Gana LLP focus their practice on representing clients in disputes with brokerage firms, such as Deutsche Bank Securities Inc. (Deutsche Bank). We investigate investor claims and uncover evidence that brokerage firms wrongfully provided services or products to clients. Securities misconduct includes securities fraud, unsuitable investments, breach of fiduciary duty, failure to supervise, and failure to conduct adequate due diligence on securities offerings.

Deutsche Bank is affiliated with, under common control, or otherwise performs business under the company names C.J. Lawrence, Morgan Grenfell Inc., Deutsche Banc Alex Brown Inc., Deutsche Investment Management Americas Inc., Deutsche Asset & Wealth Management, DWS Investments, DWS Scudder Investments, Scudder Kemper Investments, Inc., and Zurich Scudder Investments.

Deutsche Bank AG is a German global banking and financial services company with headquarters in Frankfurt. Deutsche Bank operates in over 70 countries and has a large presence in Europe, the Americas, Asia-Pacific, and the emerging markets. Deutsche Bank offers financial products and services for corporate and institutional clients. Deutsche Bank’s services include sales, trading, research, origination of debt and equity, mergers and acquisitions, and risk management products.

Deutsche Bank – By the Numbers:

  • CRD# 2525
  • SEC# 8-17822
  • 195 Regulatory Events
  • 12 Customer Complaints
  • Revenue: $43 billion
  • Net Income: $5.57 billion
  • Assets: $2.8 trillion
  • Employees 98,219 - 2012

Deutsche Bank – In the News:

FINRA v. Deutsche Bank Securities Inc., AWC No. 2010023559301 – The Financial Industry Regulatory Authority (FINRA) fined Deutsche Bank Securities, Inc. (DBSI) $6.5 million concerning allegations of serious financial and operational deficiencies related to its enhanced lending program. According to FINRA, the violations included lack of transparency in the firm's financial records and inaccurate calculations resulting in overstated capitalization and inadequate customer reserves.

The United States Attorney for the Southern District of New York v. Deutsche Bank AG, et al, – The United States Attorney for the Southern District of New York, the Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice, General Counsel of the U.S. Department of Housing and Urban Development (HUD), and Inspector General of HUD fined Deutsche Bank AG, Deutsche Bank Securities, Inc., and others over allegations of repeated false certifications to HUD in connection with the residential mortgage origination practices of MortgageIT, a wholly-owned subsidiary of Deutsche Bank AG. The suit alleges a decade of misconduct in participation in the Federal Housing Administration’s (FHA’s) Direct Endorsement Lender Program. Among other things, the suit accused the defendants of submitting false certifications to HUD. The defendants agreed to pay $202.3 million to the United States and the settlement was approved by United States District Judge Lewis Kaplan.

FINRA v. Deutsche Bank Securities Inc., AWC No. 20080128087 - FINRA fined Deutsche Bank Securities Inc. $7.5 million concerning allegations of negligent misrepresentation of delinquency data in connection with the issuance of subprime securities. FINRA found that Deutsche Bank Securities negligently misrepresented the percentages of mortgages that were delinquent in the offering documents of six subprime residential mortgage backed securities (MBS) issued in 2006. According to FINRA, Deutsche Bank also failed to correct errors by a third party vendor and servicers in connection with its offer and sale of 16 additional subprime MBS issued in 2007. Finally, FINRA found that Deutsche Bank failed to establish a system to supervise its reporting of historical delinquency information.

Our firm has represented hundreds of investors in investment claims against brokers and brokerage firms that have taken advantage of their clients. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.

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