News Releases

Washington, DC, New York, and Sacramento, California, August 26, 2004 – The Securities and Exchange Commission, the North American Securities Administrators Association (“NASAA”), NASD, Inc., New York Stock Exchange (“NYSE”), and state securities regulators, including California’s Department of Corporations, announced today enforcement actions against Deutsche Bank Securities Inc. and Thomas Weisel Partners LLC.  These settlements are related to the April 2003 global settlement that 10 other investment banks reached with the SEC, state securities regulators, NASD, and NYSE following investigations of allegations that investment banking interests had undue influence on securities research at brokerage firms.  The enforcement actions against Deutsche Bank Securities and Thomas Weisel Partners, together with the global settlement announced last year, are part of a comprehensive regulatory effort to reform the relationship between investment banking and research and to improve industry practices relating to fundamental research.

Read full press release (.pdf)

Hearing Panel Decisions (all .pdfs)

04-128 Deutsche Bank Securities Inc.

04-129 Thomas Weisel Partners LLC