Defendant Name:
Royal Bank of Canada
Defendant Type:
Public Company
Document Reference:
2023-232
Document Details
Legal Case Name
In the Matter of Royal Bank of Canada
Document Name
SEC Charges Royal Bank of Canada with Internal Accounting Controls Violations
Document Date
02-Nov-2023
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On November 2, 2023, the SEC "announced that Canada’s
largest bank, Royal Bank of Canada, will pay a $6 million penalty to settle charges that it violated the books and
records and internal accounting controls provisions of the securities laws relating to its accounting for its costs of
internally developed software."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$6,000,000.00
Shared: