Royal Bank of Canada's (RY) brokerage unit agrees to pay Massachusetts investors up to $2.9M to...

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

Royal Bank of Canada's (RY) brokerage unit agrees to pay Massachusetts investors up to $2.9M to cover losses on leveraged and inverse-leveraged ETFs. Earlier in the week, Citigroup, Morgan Stanley, UBS, and Wells Fargo agreed to pay $9.1M in a separate case, but also involving leveraged ETFs.