Defendant Name:
RBC Capital Markets, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Royal Bank of Canada
SIC Code:
6029
CUSIP:
78008710
Document Reference:
34-78735
Document Details
Legal Case Name
In the Matter of RBC Capital Markets, LLC
Document Name
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
Document Date
31-Aug-2016
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Disgorgement
Individual:
$500,000.00
Shared:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$77,759.00
Shared:
Total Penalty
Individual:
$2,577,759.00
Shared:
