Violation Tracker Individual Record
: RBC Dain Rauscher, Inc.
Current Parent Company
: Royal Bank of Canada
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: November 14, 2005
: financial offenses
: investor protection violation
: financial institution supervision failures
: NASD fined three firms-and expelled a fourth-for violations relating to trading in corporate high yield bonds. All four firms were cited for charging excessive markups or markdowns in bond trades, as well as for supervision violations.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
Ownership Structure of Current Parent
: publicly traded
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
Source of Data
: (click here)
: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
: 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