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Deutsche fined $1m by NYSE

The New York Stock Exchange has censured and fined Deutsche Bank's US investment banking arm $1m (€841,000) for operational deficiencies and supervisory violations concerning the submission of proxy votes.

According to the NYSE, from March 1998 to November 2003, Deutsche Bank failed to settle stock records on beneficial ownership in connection with proxy voting and issued different requests for proxy voting instructions for securities held in certain omnibus accounts.

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