Defendant Name: Royal Bank of Scotland plc

Defendant Type: Public Company
SIC Code: 6029
CUSIP: 78009768

Initial Case Details

Legal Case Name In the Matter of The Royal Bank of Scotland Group plc
First Document Date 10-Sep-2014
Initial Filing Format Administrative Action
File Number 3-16074
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Other
• Section 16(a) Exchange Act; Rule 16a-3 Exchange Act

Resolutions

First Resolution Date 10-Sep-2014
Headline Total Penalty and Disgorgement $120,000

Related Documents:

34-73045 10-Sep-2014 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order and Civil Penalty
On September 10, 2014, the SEC instituted administrative proceedings pursuant to Section 21C of the Securities Exchange Act of 1934 against The Royal Bank of Scotland Group plc. The SEC alleged that the Royal Bank of Scotland Group violated the beneficial ownership reporting requirements of the federal securities laws.
2014-190-RBS 10-Sep-2014 Press Release--Administrative Proceeding
SEC Announces Charges Against Corporate Insiders for Violating Laws Requiring Prompt Reporting of Transactions and Holdings: Nearly Three Dozen Charged in Enforcement Initiative to Root Out Repeated Late Filers
On September 10, 2014, the SEC announced charges against 28 officers, directors, or major shareholders for violating federal securities laws requiring them to promptly report information about their holdings and transactions in company stock. According to the press release, six publicly-traded companies were charged for contributing to filing failures by insiders or failing to report their insiders' filing delinquencies. A total of 33 of the 34 individuals and companies named in the SEC's orders agreed to settle the charges and pay financial penalties totaling $2.6 million. The SEC's orders named 10 investment firms in connection with beneficial ownership of publicly-traded companies, including The Royal Bank of Scotland Group plc, which agreed to pay a $120,000 penalty.