Defendant Name:
RBC Capital Markets, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-21585
Document Details
Legal Case Name
SEC v. RBC Capital Markets Corporation
Document Name
SEC Completes Review of Performance by Citigroup, RBC and Wachovia Under Auction Rate Securities Settlements
Document Date
30-Jun-2010
Document Format
Civil Proceeding
Case Number
09-cv-05172
Federal District Court
New York, Southern District of New York
Allegation Type
Broker Dealer
Document Summary
On June 30, 2010, the SEC published a litigation release regarding this matter. The SEC announced that: "three financial firms that settled the Commission's auction rate securities (ARS) charges against them have satisfied their obligations under their respective settlements and that more than $26 billion has been returned to their ARS customers."
Disgorgement & Penalty Information
Resolutions
Repurchase from customers and use "best efforts" to provide liquidity opportunities to their institutional customers.
Other Defendants in Action: