As a result of a trickle-up effect, Deutsche Bank will have to pay two Floridians more than $5.8 million for the alternative investment sins of its predecessor firm. According to Dow Jones Newswires, an NASD arbitration panel has found that Paul Young, a broker at the firm Alex. Brown, which merged with Bankers Trust, which then got gobbled up by Deutsche Bank, was "negligent and breached the duty of care" to the Floridians Charles, John and Robert Switzer. The brothers' lawyer, Alan Sparer, said Young advised his clients to put millions they made from inherited stock into "esoteric and complicated" investments, including collateralized debt-obligation funds, a fund-of-private-equity funds and a venture capital fund. They subsequently lost between $3 million to $10 million based on a reported $8 million-per-brother investment in what Sparer calls "seven illiquid, high risk alternative investments." The panel found both Young and Deutsche Bank, the unwitting heir of the case, liable. The attorney told Dow Jones Newswires that it's litigation like this that has caused regulator to express "concern about the increasingly common practice of selling alternative investments in smaller unit to affluent but inexperienced or unsophisticated investors."