Violation Tracker Individual Record

Company: 
RBC Capital Markets, LLC
Current Parent Company: 
Royal Bank of Canada
Penalty: 
$5,000,000
Year: 
2019
Date: 
October 1, 2019
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

The U.S. Commodity Futures Trading Commissionannounced an order filing and setting charges against RBC Capital Markets, LLC, a registered futures commission merchant, for failing to meet its supervisory obligations, which resulted in hundreds of unlawful trades and other violations over the period of at least late 2011 through May 2017.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.