Royal Bank of Canada (RY) says it will challenge the CFTC in court instead of settling over...

|About: Royal Bank of Canada (RY)|By:, SA News Editor

Royal Bank of Canada (RY) says it will challenge the CFTC in court instead of settling over allegations it engaged in illegal futures trades. “It was a conscious decision to defend ourselves vigorously, and we made that decision because we believe we didn’t do anything wrong,” RY lawyer Arthur Hahn says.