RBC is Fined $2.6 Million for Options Reporting Violations
by Admin Istrator | January 18, 2022 4:05 pm
RBC Capital Markets was fined $2.6 million by FINRA for a complaint related to options reporting violations[1]. Here are the important details of the complaint:
- From January 2014 to December 2018, RBC failed to report OTC options positions[2] in violation of FINRA Rule 2360(b)(5).
- The reporting failure by RBC resulted in errors in the reporting logic of the firm’s internal risk system. This remained undetected for years accounting to FINRA.
- The errors were self-reported to FINRA by RBC.
FINRA’s AWC with RBC Capital Markets Concerning OTC Option Trade Reporting
2017054718901-RBC-Capital-Markets-LLC-CRD-31194-AWC-jlg[3]Download[4]
Did You Lose Money with RBC Capital Markets?
Endnotes:
- options reporting violations: https://mdf-law.com/options-puts-calls/
- OTC options positions: https://mdf-law.com/what-are-the-risks-of-investing-in-otc-securities/
- 2017054718901-RBC-Capital-Markets-LLC-CRD-31194-AWC-jlg: https://mdf-law.com/wp-content/uploads/2022/01/2017054718901-RBC-Capital-Markets-LLC-CRD-31194-AWC-jlg.pdf
- Download: https://mdf-law.com/wp-content/uploads/2022/01/2017054718901-RBC-Capital-Markets-LLC-CRD-31194-AWC-jlg.pdf
Source URL: https://mdf-law.com/rbc-options-complaints/