Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Royal Bank of Canada
Current Parent CompanyRoyal Bank of Canada
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $6,000,000
Year: 2023
Date: November 2, 2023
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The Securities and Exchange Commission announced that Royal Bank of Canada agreed to pay a $6 million penalty to settle charges that it violated the books and records and internal accounting controls provisions of the securities laws relating to its accounting for its costs of internally developed software.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Canada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: 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.