Home Investment Advisers IA Rules & Regulatory Actions SEC penalizes RBC over municipal bonds

SEC penalizes RBC over municipal bonds

The syndicate desk allocated oversubscribed bonds to orders for flippers ahead of institutional customer and dealer orders. RBC failed reasonably to implement the WSPs it had in place in order to address compliance with the Policy or the relevant MSRB rules by the firm’s syndicate desk

Carl Ayers

September 20 2021

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