Defendant Name:
RBC Capital Markets, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
33-10777-s
Document Details
Legal Case Name
In the Matter of RBC Capital Markets LLC
Document Name
SEC Charges Rbc Capital Markets LLC for Disclosure Failures Related to Retirement and Charitable Customers
Document Date
24-Apr-2020
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
The SEC: "announced that RBC Capital Markets LLC, a registered broker-dealer and investment adviser located in New York City, agreed to settle charges that it failed to disclose potential conflicts of interest to certain retail retirement account and charitable organization brokerage customers."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Disgorgement
Individual:
$2,607,676.00
Shared:
Civil Penalty
Individual:
$650,000.00
Shared:
Pre-Judgment Interest
Individual:
$631,331.00
Shared: