RBC Capital Markets (RY) agrees to pay a fine of $30.4M to settle SEC charges of misconduct in...

|By:, SA News Editor

RBC Capital Markets (RY) agrees to pay a fine of $30.4M to settle SEC charges of misconduct in the sale of $200M of notes to 5 Wisconsin school districts. The SEC said the bankers sold the notes - whose value was tied to CDOs -  despite having "significant concerns" about their suitability for the districts