Article: Deutsche Bank Unit Hit With Record Short-Sale Fine

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Deutsche Bank Unit Hit With Record Short-Sale Fine

Law360, 10 September 2008

According to NYSE Regulation, NYSE Euronext’s enforcement arm, Deutsche Bank Securities made a significant but unquantified number of short sales without borrowing the stocks, entering an agreement to borrow the stocks or even being reasonably sure that the stocks were available to borrow. Deutsche Bank Securities also agreed to be censured.

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