U.S. Securities and Exchange Commission seal in Washington, D.C. Photo: Diego M. Radzinschi/ALM SEC Alleges Deutsche Bank Subsidiary Gave Misleading Statements on ESG Investment Process
DWS Investment Management Americas admits no wrongdoing in agreeing to $25 million settlement.
September 26, 2023 at 01:05 PM
3 minute read
DWS Investment Management Americas has agreed to pay $25 million to settle U.S. Securities and Exchange Commission allegations that the Deutsche Bank AG subsidiary made misleading statements and failed to incorporate environmental, social and governance factors into its mutual fund investment recommendations and did not develop an anti-money laundering program.
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