RBC Pays Fine to Settle Charges Related to Muni Bond Offerings

by Admin Istrator | November 17, 2021 1:54 am

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[1]. The order accuses RBC of improperly allocating bonds indented for institutional customers to “flippers.”

RBC-Munibonds[2]Download[3]

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Endnotes:
  1. municipal bond offerings: https://mdf-law.com/lawsuits-against-munibond-underwriters/
  2. RBC-Munibonds: https://mdf-law.com/wp-content/uploads/2021/11/RBC-Munibonds.pdf
  3. Download: https://mdf-law.com/wp-content/uploads/2021/11/RBC-Munibonds.pdf

Source URL: https://mdf-law.com/rbc-muni-fine/

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