September 17, 2009 Comments (0) Blog, Securities Fraud

RBC Capital Markets Corporation of New York, New York fined by FINRA for securities violations.

(Last Updated On: July 17, 2015)

FINRA recently announced that RBC Capital Markets Corporation has been fined $150,000 by FINRA. Without admitting or denying the allegations, RBC Capital Markets Corporation consented to the findings that it allowed associated persons to function as research analysts without having Series 86 or 87 research analyst registrations. The findings further stated that the unregistered analysts published more than 3,500 research reports, and published more than 400 research reports after FINRA informed RBC Capital Markets Corporation that it had made a preliminary determination to recommend disciplinary action be initiated against the firm for its failure to appropriately register its research analysts (the Wells notice).

According to RBC Capital Markets Corporation’s FINRA Broker Report (CRD), this fine is not the first time the Firm has been implicated a claim regarding securities fraud. Based on RBC Capital Markets Corporation’s CRD, it appears that the Firm has been named in at least 163 regulatory events related to securities violations and been named in at least 208 customer complaints related to securities fraud.

If you have questions about investments you made with RBC Capital Markets Corporation, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

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