Violation Tracker Individual Record

RBS Securities Inc.
Current Parent Company: 
Royal Bank of Scotland
October 26, 2017
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Violation Description: 

RBS Securities Inc. and the U.S. Attorney's Office in Connecticut entered into a non-prosecution agreement relating to RBS's fraudulent trading through its now-defunct U.S. Asset-Backed Securities, Mortgage-Backed Securities and Commercial Mortgage-Backed Securities Trading group. As part of this agreement, RBS agreed to pay a monetary penalty of $35 million and pay more than $9 million of restitution to victim customers, including firms affiliated with recipients of federal bailout funds through the Troubled Asset Relief Program.

Level of Government: 
Action Type: 
agency action
U.S. Attorney-District of Connecticut
Civil or Criminal Case: 
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
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.