Violation Tracker Individual Record
Company:RBC Capital Markets Corporation
Date:October 8, 2008
Offense Group:financial offenses
Primary Offense:investor protection violation
RBC agreed to return $850 million to investors and pay $9.8 million in civil penalties as part of the resolution of multistate litigation alleging it misled customers in the marketing and sale of auction rate securities.
Level of Government:state
Action Type:agency action
Agency:Multistate Attorneys General Case
Civil or Criminal Case:civil
HQ Country of Parent:Canada
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:banking
Source Notes:If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.