Deutsche Bank Faces Multi-Million Fine in Hong Kong for Regulatory Breaches

Deutsche Bank Faces Multi-Million Fine in Hong Kong for Regulatory Breaches

Deutsche Bank Faces Multi-Million Fine in Hong Kong for Regulatory Breaches Deutsche Bank has been slapped with a HK$23.8 million fine by Hong Kong’s Securities and Futures Commission (SFC) for various breaches occurring from 2015 to 2023. The violations include overcharging clients on management fees and failing to disclose investment banking relationships in research reports.The disciplinary action was initiated following investigations trigge…

Deutsche Bank Fined by SFC for Overcharging Clients and More

Hong Kong’s securities regulator has fined Deutsche Bank for overcharging fees and other violations. The Securities and Futures Commission (SFC) has reprimanded and fined Deutsche Bank HK$23.8 million ($3.1 million) for various breaches, according to a statement. This includes overcharging clients HK$39 million as a result of failing to apply discounted management fees in discretionary mandate accounts, incorrectly valuing floating rate debt ins…

Deutsche Bank Fined HK$23.8 Million In Hong Kong For Overcharging Clients - FinanceFeeds

Deutsche Bank has been fined HK$23.8 million (US$3.05 million) by Hong Kong’s Securities and Futures Commission (SFC) for a string of compliance failures between 2015 and 2023, including client overcharging, disclosure gaps in research reports and misclassified product risks. The SFC said the disciplinary action followed investigations launched after Deutsche filed a series of self-reports between 2020 and 2023. In total, clients were overcharge…

Deutsche Bank fined US$3 million by Hong Kong securities regulator

Deutsche Bank has been fined US$3.05 million over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on Thursday (Aug 28).

Deutsche Bank Clients Were Being Secretly Overcharged for Years

Hong Kong's Securities and Futures Commission (SFC) slapped Deutsche Bank with a $23.8 million penalty today (Wednesday), citing widespread failures that led to clients being overcharged roughly $39 million in fees across multiple business lines.The German bank faced disciplinary action for five separate regulatory breaches spanning from 2012 to 2023, including systematic overcharging of management fees, botched valuations of debt instruments an…