Defendant Name: RBC Capital Markets Corporation

Defendant Type: Subsidiary of Public Company
Public Company Parent: Royal Bank of Canada
SIC Code: 6021
CUSIP: 78008710

Initial Case Details

Legal Case Name In the Matter of RBC Capital Markets Corporation
First Document Date 24-Feb-2009
Initial Filing Format Administrative Action
File Number 3-13379
Allegation Type Municipal Securities & Public Pensions

Violations Alleged

Other
• MSRB Rules G-17, G-20(a), G-27

Resolutions

First Resolution Date 24-Feb-2009
Headline Total Penalty and Disgorgement $125,000

Related Documents:

34-59439 24-Feb-2009 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b)(4), 15B(c)(2) and 21C of the Securities Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order
On February 24, 2009, the SEC instituted settled cease-and-desist proceedings against RBC Capital Markets Corporation. The SEC stated: "These proceedings arise out of violations by RBC of the fair dealing, gifts and gratuities, and supervisory rules of the Municipal Securities Rulemaking Board ("MSRB") for advances made on behalf of and expenses reimbursed to one of its municipal clients (the "City") during the City's municipal bond issuance process."