The logo of Deutsche Bank’s DWS Asset Management is pictured at their headquarters in Frankfurt, Germany, March 19, 2018.
Ralph Orlowski | Reuters
According to the WSJ’s report, federal prosecutors and the Securities and Exchange Commission are probing DWS after the company’s former head of sustainability said the firm had exaggerated its use of sustainable investing criteria to manage assets. DWS declined to comment and CNBC was unable to independently verify the report.
The WSJ reported that DWS had misled investors over its sustainability efforts after having difficulties with its environmental, social and governance investing strategy.
Deutsche Bank and the SEC were not immediately available for comment when contacted by CNBC.