Defendant Name: Kenneth G. Friedrich

Defendant Type: Individual

Initial Case Details

Legal Case Name In the Matter of Kenneth G. Friedrich
First Document Date 17-Sep-2021
Initial Filing Format Administrative Action
File Number 3-20569
Allegation Type Municipal Securities & Public Pensions

Affiliations

Violations Alleged

Other
• Failure to supervise under Section 15(b)(4)(E) Exchange Act

Resolutions

Bars:
First Resolution Date 17-Sep-2021
Headline Total Penalty and Disgorgement $30,000

Related Documents:

34-93043 17-Sep-2021 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b), 15B(c) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
The SEC stated: "This matter involves improper conduct by Friedrich in connection with RBC Capital Markets, LLC’s (“RBC”) purchase and sale of certain new issue municipal bonds from and to unregistered brokers known as “flippers.” Friedrich served as Head of RBC’s Municipal Sales, Trading and Syndication group (the “Municipal Group”) from 2010 to June 2016."

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