The Hong Kong Securities and Futures Commission has fined Deutsche Bank 23.8 million Hong Kong dollars for violating multiple regulatory rules.

The Securities and Futures Commission of Hong Kong issued a notice condemning Deutsche Bank and imposing a fine of HK$23.8 million, citing the company's violation of multiple regulatory provisions. The notice stated that the misconduct included overcharging clients for management fees, incorrectly allocating product risk ratings, and failing to disclose investment banking relationships in several research reports.