Former RBC Broker Paul Koch Accused of Stealing from Clients
Former RBC Capital Markets broker Paul Koch (CRD# 1777599) allegedly misappropriated funds, according to a customer dispute filed in March. Mr. Koch’s BrokerCheck report, accessed on June 10, 2023, notes that he was last based in Wayzata, Minnesota. The record also shows that the Financial Industry Regulatory Authority recently sanctioned him over alleged outside business […]
William Notrica Fired by RBC Over Trading Violations
Aegis Capital broker/adviser William Notrica (CRD# 817537) was recently discharged by RBC Capital Markets over alleged rule violations. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, accessed on March 24, 2022, he is based in Newport Beach, California. William Notrica Violated RBC’s Internal Trading Policy RBC Capital Markets fired Mr. Notrica in January […]
RBC is Fined $2.6 Million for Options Reporting Violations
RBC Capital Markets was fined $2.6 million by FINRA for a complaint related to options reporting violations. Here are the important details of the complaint: From January 2014 to December 2018, RBC failed to report OTC options positions in violation of FINRA Rule 2360(b)(5). The reporting failure by RBC resulted in errors in the reporting […]
Investors File Arbitrations Over Chris Phillips’s Failed Oil Investments
Chris Phillips (CRD #: 4761544), a broker registered with RBC Capital Markets in Stamford, Connecticut, is embroiled in two investor disputes, according to his BrokerCheck record, accessed on January 10, 2022. Phillips also offers advisory services through RBC Wealth Management as well as Chu, Phillips & Associates. Investor Disputes Concern Oil and Energy Recommendations Both […]
RBC Pays Fine to Settle Charges Related to Muni Bond Offerings
The Securities and Exchange Commission recently announced that RBC Capital Markets, LLC will pay a fine of $800,000. The fine is to resolve allegations that engage in unfair dealings in municipal bond offerings. The order accuses RBC of improperly allocating bonds indented for institutional customers to “flippers.” Did You Lose Money Investing With RBC? Notice: […]