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FINRA fines Deutsche Bank $2.5m for disclosure, supervisory failures

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Conflicts of interest in research reports have potential to influence content of reports, including investment recommendations, ratings, etc.

Deutsche Bank AG’s US-based securities division has agreed to pay a $2.5m fine to the Financial Industry Regulatory Authority (FINRA) to settle charges that it violated several research report disclosure obligations pertaining to potential conflicts of interest. It is also said to have maintained an insufficient supervisory system.

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