Deutsche Bank is seeking permission from Deutsche Securities Korea to continue having its affiliates serve retirement plans as a qualified asset manager, even if its subsidiary, the US Department of Labor (DSK) and four employees are convicted in the Seoul Central District Court for market price manipulation, where a one-day stock rout wiped $27bn in value from South Korea's equity market.
Deutsche Bank is seeking permission from the US Department of Labor to continue having its affiliates serve retirement plans as a qualified asset manager, even if its subsidiary, Deutsche Securities Korea (DSK) and four employees are convicted in the Seoul Central District Court for market price manipulation, where a one-day stock rout wiped $27bn in value from South Korea's equity market.