{"id":4427,"date":"2007-05-21T23:18:26","date_gmt":"2007-05-21T23:18:26","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/05\/rbc_dain_rauscher_fined_90k_fo"},"modified":"2007-05-21T23:18:26","modified_gmt":"2007-05-21T23:18:26","slug":"rbc-dain-rauscher-fined-90k-fo","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/rbc-dain-rauscher-fined-90k-fo\/","title":{"rendered":"RBC Dain Rauscher Fined $90K for Compliance Program Flaws"},"content":{"rendered":"

\t\t\t\tThe New York Stock Exchange Regulation Inc. announced that RBC Dain Rauscher Inc. consented to be fined $90,000 for failures related to its anti-money laundering compliance program. <\/p>\n

According to an exchange press release, the Minneapolis-based firm failed to establish written procedures regarding filing of suspicious activity reports. Additionally, the exchange alleged, the firm did not have an adequate monitoring system to review and document follow-up on exceptions found by the firm’s department, the release stated. <\/p>\n

The firm, which neither admitted nor denied the allegations, consented to the fine and a censure, according to the release.<\/p>\n

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

The New York Stock Exchange Regulation Inc. announced that RBC Dain Rauscher Inc. consented to be fined $90,000 for failures related to its anti-money laundering compliance program. According to an exchange press release, the Minneapolis-based firm failed to establish written procedures regarding filing of suspicious activity reports. Additionally, the exchange alleged, the firm did not […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3822,3789],"tags":[],"class_list":["post-4427","post","type-post","status-publish","format-standard","hentry","category-rbc-dain-rauscher","category-stockbroker-regulation"],"yoast_head":"\nRBC Dain Rauscher Fined $90K for Compliance Program Flaws — Investor Lawyers Blog — May 21, 2007<\/title>\n<meta name=\"description\" content=\"The New York Stock Exchange Regulation Inc. announced that RBC Dain Rauscher Inc. consented to be fined $90,000 for failures related to its anti-money — May 21, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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