
The Financial Industry Regulatory Authority fined Deutsche Bank Securities, Inc. $6.5 Million and censured the firm for serious financial and operational deficiencies primarily related to its enhanced lending program. The violations, which were originally identified during a 2009 examination, included lack of transparency in the firm's financial records and inaccurate calculations resulting in overstated capitalization and inadequate customer reserves. For more info visit https://www.finra.org/media-center/news-releases/2013/finra-fines-deutsche-bank-securities-inc-65-million-serious-financial