Defendant Name:
RBC Capital Markets Corporation
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Royal Bank of Canada
SIC Code:
6021
CUSIP:
78008710
Document Reference:
34-59439
Document Details
Legal Case Name
In the Matter of RBC Capital Markets Corporation
Document Name
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
Document Date
24-Feb-2009
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$125,000.00
Shared:
