FINRA - Financial Industry Regulatory Authority

RBC Capital Markets LLC. has agreed to pay $685,520 in restitution to settle charges that it violated a supervisory municipal securities rule after the Financial Industry Regulatory Authority found it didn't establish a supervisory system when advising customers on 529 plans causing those customers to incur excess fees.


Published on Dec. 15th, 2020 Published on Dec. 15th, 2020
Scenario: Conduct / Client Overcharging

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