Defendant Name: RBC Capital Markets, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Royal Bank of Canada
SIC Code: 6029
CUSIP: 78008710

Initial Case Details

Legal Case Name In the Matter of RBC Capital Markets, LLC
First Document Date 31-Aug-2016
Initial Filing Format Administrative Action
File Number 3-17520
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Related Violations Alleged

RBC Capital Markets, LLC is alleged to have caused Rural/Metro Corporation's violation of Sec 14(a) of the Exchange Act.
RBC Capital Markets, LLC is alleged to have caused Rural/Metro Corporation's violation of Rule 14a-9 of the Exchange Act.

Resolutions

First Resolution Date 31-Aug-2016
Headline Total Penalty and Disgorgement $2,577,759

Related Documents:

2016-174 31-Aug-2016 Press Release--Administrative Proceeding
RBC to Pay $2.5 Million for Proxy Statement Disclosure Violations
On August 31, 2016, the SEC announced that "RBC Capital Markets LLC has agreed to a $2.5 million settlement for causing materially false and misleading disclosures about its valuation analysis in a proxy statement for Rural/Metro Corporation's sale in 2011 to a private equity firm."
34-78735 31-Aug-2016 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 31, 2016, the SEC instituted a settled cease-and-desist proceedings against RBC Capital Markets, LLC. According to the SEC this matter: "involves RBC's causing of Rural/Metro Corporation's violations of the proxy statement provisions of the federal securities laws in connection with the sale of Rural/Metro Corporation ('Rural') in 2011 to a private equity firm."