An official with the U.S. Securities and Exchange Commission has criticized the agency’s practice of waiving certain penalties for large corporations, and she publicly blasted Deutsche Bank AG for engaging in “nearly a decade of lying, cheating and stealing.”

Commissioner Kara Stein Monday filed her fiery dissent after a majority of the SEC voted to allow the bank to continue freely selling stocks and bonds, despite its pleading guilty April 23 to secretly manipulating global interest rates.