{"id":21342,"date":"2021-12-27T10:04:18","date_gmt":"2021-12-27T16:04:18","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21342"},"modified":"2022-03-23T13:26:16","modified_gmt":"2022-03-23T18:26:16","slug":"rbc-capital-markets-overconcentration-fine","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/rbc-capital-markets-overconcentration-fine\/","title":{"rendered":"RBC Capital Markets to Pay $1M Over Unsuitable High-Yield Bond Concentration in Customer Accounts"},"content":{"rendered":"

RBC Capital Markets Settlement With FINRA Includes a Fine and Restitution\u00a0<\/span><\/h2>\n

RBC Capital Markets has reached an <\/span>agreement with FINRA<\/span> in which the broker-dealer will pay $1M to resolve allegations of overconcentration in customers\u2019 accounts involving high-yield bonds. Without denying or admitting to the self-regulatory organization\u2019s (SRO\u2019s) findings, RBC consented to a censure, a $550K fine, and more than $456K in restitution.\u00a0<\/span><\/p>\n

According to FINRA, the brokerage firm did not identify over 100 client accounts with conservative profiles that should have been reviewed for a possible unsuitable concentration of high-yield bonds.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

RBC Capital Markets Settlement With FINRA Includes a Fine and Restitution\u00a0 RBC Capital Markets has reached an agreement with FINRA in which the broker-dealer will pay $1M to resolve allegations of overconcentration in customers\u2019 accounts involving high-yield bonds. Without denying or admitting to the self-regulatory organization\u2019s (SRO\u2019s) findings, RBC consented to a censure, a $550K […]<\/p>\n","protected":false},"author":2,"featured_media":21343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4025,4354,3744],"tags":[4411,4352,2696],"class_list":["post-21342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highyield-bonds","category-overconcentration","category-rbc-capital-markets-corp","tag-high-yield-bonds","tag-overconcentration","tag-rbc-capital-markets"],"yoast_head":"\nRBC Capital Markets to Pay $1M Over Unsuitable High-Yield Junk Bonds<\/title>\n<meta name=\"description\" content=\"RBC Capital Markets has agreed to pay over $1M in fines after unsuitably concentrating customer accounts with junk bonds.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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