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Violation Tracker Individual Record

Company: RBS Financial Products, Inc.
Current Parent Company: NatWest Group PLC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $18,000,000
Year: 2020
Date: December 22, 2020
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: RBS Financial Products agreed to pay $18 million in settlement of allegations it misled investors in its issuance and underwriting of financial crisis-era residential mortgage-backed securities
Level of Government: state
Action Type: agency action
Agency: Maryland Attorney General
Civil or Criminal Case: civil
Facility State: Maryland
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.