描述
The Office of the Attorney General through its Bureau of Securities today signed a final Consent Order that requires Deutsche Bank Securities, Inc. to complete or confirm its repurchase of auction-rate securities from New Jersey clients to settle allegations that the firm’s securities dealers failed to disclose risks of the auction-rate securities market.
The New Jersey Bureau of Securities (NJBOS) led the North American Securities Administrators Association’s investigation into Deutsche Bank Securities’ auction-rate securities practices. That investigation led to today’s final settlement.