WASHINGTON Oct 12 Deutsche Bank Securities has
agreed to pay a $9.5 million penalty for failing to properly
safeguard material non-public information generated by its
research analysts, the U.S. Securities and Exchange Commission
said on Wednesday.
It said Deutsche Bank "lacked adequate policies
and procedures" to prevent analysts from disclosing to customers
"yet-to-be-published views and analyses, changes in estimates,
and short-term trade recommendations during morning calls,
trading day squawks, idea dinners, and non-deal road shows."
(Reporting by Mohammad Zargham)