Hong Kong securities regulator hits repeat offender Deutsche Bank with $3M fine
By 
Aaron Nicodemus2025-09-05T18:10:00
Deutsche Bank has agreed to pay a $3 million ($23.8 million in Hong Kong Dollars) fine and has returned $5 million (HKD$39 million) in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
Hong Kong’s Securities and Futures Commission (SFC) announced the fine and “reprimand” against Deutsche Bank AG in an Aug. 28 press release. The SFC found that Deutsche Bank overcharged clients on management fees, incorrectly assigned product risk ratings, and failed to disclose investment banking relationships in research reports.
The misconduct, which occurred from 2012 to 2023, was not intentional and was self-disclosed by Deutsche Bank, the SFC noted. Deutsche Bank also conducted reviews to identify the root causes and extent of the breaches, “remediated the issues and strengthened its internal controls and systems upon identifying the breaches,” and cooperated with the SFC’s investigation, the agency noted.
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