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Violation Tracker Individual Record

Company: NatWest Markets Securities Inc.
Current Parent Company: NatWest Group PLC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $4,642,857
Year: 2021
Date: November 22, 2021
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: The Attorney General's Office reached a $32.5 million settlement with Barclays Capital Inc., Citigroup Global Markets Inc.,Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, NatWest Markets Securities Inc., and Washington Mutual Mortgage Securities Corp collectively to settle allegations that they did not adequately disclose the characteristics of certain mortgage-backed securities when they were purchased by New Mexico pension funds and a state-run investment council during 2003-2010. The announcement did not specify how much each company would pay. Here we assume the total was divided equally among them.
Level of Government: state
Action Type: agency action
Agency: New Mexico Attorney General
Civil or Criminal Case: civil
Facility State: New Mexico
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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.