Deutsche Bank Securities, Inc./Alex Brown

Deutsche Bank is one of the world’s largest global financial companies.  Its history dates back to its founding in Germany in 1870.  Deutsche Bank now has more than 70,000 employees worldwide, including significant operations in Asia, Europe and the Americas. In 1999, Deutsche Bank acquired Banker’s Trust.  A major component of the Banker’s Trust acquisition was its 200 year-old U.S. investment bank, Alex Brown & Sons. Deutsche Alex Brown is a U.S. securities brokerage firm and is a division of Deutsche Bank Securities. This division provides a range of advisory, brokerage, research and investment services to individual and institutional investors in the U.S. Deutsche Bank’s private clients and asset management group provides asset management and alternative investments.  Deutsche Bank is one of the world’s largest asset managers.
A NASD arbitration panel Deutsche Bank Securities to pay a group of investors $3.7 million to compensate them for damages that they suffered as a result of Deutsche Bank’s misconduct.  Claimants asserted causes of action for negligence, breach of fiduciary duty, omissions and misrepresentations; and breach of contract relating to investments in DB Alex. Brown Exchange Fund I, various real estate investment trusts, Gateway Trust Index Plus mutual fund, BT
Private Equity, Fund I, L.L.C., TWC Leveraged Income Trust II, L.P., The Topiary Fund,
L.P., Pilgrim America High income Investments, Ltd., Sankaty II L.P. Investment,
Nemean Collateralized Debt Portfolio, and Five Paces Ventures.

Deutsche Bank Fined $5 Million for Trading Violations

The NASD fined Deutsche Bank Securities, Inc. $5 million for rule violations relating to trading corporate high-yield bonds. Deutsche Bank was cited for charging excessive markups and markdowns, inadequate record keeping, and supervision violations.  Deutsche Bank also was order to pay $422,000 in restitution.

If you suffered investment losses, please contact us or communicate with a Dimond Kaplan & Rothstein, P.A. attorney at 888-578-6255 or for a free case evaluation.

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Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
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14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182