Deutsche Asset Management and its broker-dealer affiliate, Deutsche Bank Securities, expect to pay $134 million to settle regulators' investigations of improper trading practices with its Scudder Funds unit, according to a news release from DeAM. Since July 2003, both Deutsche Bank affiliates have been under investigation by the SEC, the New York Attorney General's office, the New York Stock Exchange and the Illinois Secretary of State's office regarding alleged market-timing practices within Scudder. Deutsche neither admitted nor denied the charges. The settlement with regulators "will provide for payment of disgorgement, penalties and investor education contributions" totaling roughly $134 million, and about $127 million of the total will be distributed to Scudder shareholders, according to the release. The total amount is still subject to ratification by the regulators.