Violation Tracker Individual Record
Company:RBS Securities, Inc.
Date:October 3, 2016
Offense Group:financial offenses
Primary Offense:toxic securities abuses
RBS Securities, Inc. agreed to pay $120 million in settlement of allegations it did not follow underwriting guidelines or quality standards when dealing with residential mortgage-backed securities, lead to a collapse in their value.
Level of Government:state
Action Type:agency action
Agency:Connecticut Attorney General
Civil or Criminal Case:civil
HQ Country of Parent:United Kingdom
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:banking & securities
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