Violation Tracker Individual Record
Company:RBS Financial Products
Date:October 24, 2012
Primary Offense:toxic securities abuses
RBS Financial Products agreed to pay $42 million to resolve an investigation into the firm's role in purchasing and securitizing subprime and payment option adjustable rate mortgages in Nevada.
Level of Government:state
Action Type:agency action
Agency:Nevada Attorney General
Civil or Criminal Case:civil
HQ Country of Parent:Scotland
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.