FINRA - Financial Industry Regulatory Authority

RBC Capital Market has agreed to pay a $2,600,000 fine as a part of a settlement with the Financial Industry Regulatory Authority for violation of NASD Rule 3010 and FINRA Rules 3110, 2360(b)(5) and 2010. From January 2014 to December 2018, RBC failed to report, and inaccurately reported, over-the-counter options positions to the Large Options Positions Reporting system(LOPR) in approximately 16.4 million instances. These violations were caused by errors in the reporting logic of the firm’s internal risk system and remained undetected for years due to the firm’s failure.


Published on Dec. 29th, 2021 Published on Dec. 29th, 2021

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