Defendant Name: RBS Securities, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Royal Bank of Scotland plc
SIC Code: 6081
CUSIP: 78009768

Initial Case Details

Legal Case Name SEC v. RBS Securities Inc.
First Document Date 07-Nov-2013
Initial Filing Format Civil Proceeding
Case Number 13-cv-01643
Allegation Type Broker Dealer
Federal District Court Connecticut, District of Connecticut

Violations Alleged

Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 25-Nov-2013
Headline Total Penalty and Disgorgement $153,754,774

Related Documents:

comp-pr2013-239 07-Nov-2013 Complaint
Complaint
On November 7, 2013, the SEC filed a complaint against RBS Securities, Inc. According to the SEC: "This case is about certain misstatements and omissions made by RBS Securities Inc. ('RBS') to the investing public in 2007 in promoting its $2.2 billion offering of a subprime residential mortgage-backed security."
LR-22866 07-Nov-2013 Litigation Release
SEC Charges Royal Bank of Scotland Subsidiary with Misleading Investors in Subprime Rmbs Offering
On November 7, 2013, the SEC announced in a Litigation Release that: "The Securities and Exchange Commission today charged RBS Securities Inc., a subsidiary of the Royal Bank of Scotland plc, with misleading investors in a 2007 subprime residential mortgage-backed security (RMBS) offering. RBS agreed to settle the matter and pay more than $150 million, which the SEC will use to compensate investors for harm suffered as a result of RBS's conduct."
court_doc6_13-cv-01643 25-Nov-2013 Court Docket Document
Final Judgment as to Defendant RBS Securities Inc.
On November 25, 2013, Federal Senior District Judge Warren W. Eginton entered Final Judgment against RBS Securities Inc., pursuant to the SEC and RBS Securities Inc.'s consent.