Violation Tracker Individual Record
Company:
RBS Securities, Inc.
Current Parent Company:
Royal Bank of Scotland
Penalty:
$120,000,000
Year:
2016
Date:
October 3, 2016
Offense Group:
financial offenses
Primary Offense:
toxic securities abuses
Violation Description:
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
Facility State:
Connecticut
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.
