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Feb

17

Ex-Deutsche Bank Analyst to Pay $100,000 Over Ratings

By Tony Seruga

The Securities and Exchange Commission on Wednesdaysettled with a former stock analyst over accusations that he had failed to tell investors what he really believed about the value of a company’s shares he was promoting.

Charles P. Grom, who worked for Deutsche Bank, will pay $100,000 to settle charges by the regulator that his recommendation to buy shares of the retailer Big Lots was inconsistent with his own negative view of the stock, which he privately expressed to a few colleagues and hedge fund clients…

Ex-Deutsche Bank Analyst to Pay $100,000 Over Ratings

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