Deutsche Bank Securities pays $4m to SEC for late SAR filings

New York-headquartered Deutsche Bank Securities Inc (DBSI), a broker-dealer and investment adviser registered with the US Securities and Exchange Commission (SEC), has signed a cease and desist order, under which it will pay US$4 million to the regulator over delays in submitting suspicious activity reports (SARs) to FinCEN.

New York-headquartered Deutsche Bank Securities Inc (DBSI), a broker-dealer and investment adviser registered with the US Securities and Exchange Commission (SEC), has signed a cease and desist order [1], under which it will pay US$4 million to the regulator over delays in submitting suspicious activity reports (SARs) to FinCEN.