Violation Tracker Individual Record

Company: 
RBC Capital Markets LLC and RBC Capital Markets Arbitrage S.A.
Current Parent Company: 
Royal Bank of Canada
Penalty: 
$3,500,000
Year: 
2016
Date: 
December 21, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Financial Industry Regulatory Authority fined 12 firms for significant deficiencies relating to the preservation of broker-dealer and customer records in a format that prevents alteration.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
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
Notes: 

FINRA is a securities industry self-regulatory body authorized by the federal government.

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.