RBC Wealth Management
Investment Law Attorneys Fight For Your Rights
Royal Bank of Canada (RBC), formed in Montreal in 1864, is the largest
company in Canada. RBC Dain Rauscher, based in Minneapolis, is a subsidiary
of RBC. RBC Dain Rauscher is a U.S.-based brokerage firm that was founded
in 1909. In 2008, the company became RBC Wealth Management, a division
of RBC Capital Markets, and now has over 2,000 financial consultants serving
individual investors and businesses throughout the U.S.
Since RBC is licensed by the Financial Industry Regulatory Authority (FINRA),
they are legally obligated to supervise each one of their brokers to ensure
ethical care for each investor. If an unsupervised broker is allowed to
conduct negligent trading, causing a client severe losses, then
RBC may be held legally liable to repay any and all damages. However, while FINRA laws are designed to protect consumers, FINRA rarely
demands repayment of losses – that’s where Meyer Wilson investment
fraud lawyers can step in.
Failure to Report and Supervise
RBC Wealth Management has a poor history regarding reporting trades to
the Securities and Exchange Commission. FINRA-licensed firms are required
to report all trades through TRACE, or the Trade Reporting and Compliance
Engine. Trading through TRACE makes all financial trades transparent to
RBC has failed to report thousands of trades, resulting in fines ranging between $100,000 and $150,000 from 2009-2013.
Transparent trading is crucial towards accountability. A habitual refusal
to abide by the regulations that create transparency can indicate a troubling
Have an Investor Claim? Get in Touch with Us Today!
Meyer Wilson refuses to let brokerage firms get away with costing you money
wrongly. Wrongful losses caused by negligent brokers at RBC Wealth Management
are the responsibility of the firm.
We make sure your voice is heard as we fight to reclaim what is rightfully yours. Our firm practices nationwide
at the state and federal level, as well as in arbitration (which is enforceable
by law). Our resources allow us to go head-to-head with the nation’s
largest firms, so we can represent you in any investment fraud case, no
matter the size of your opponent.
Do you believe that you’ve lost your investment through unethical
dealings? Contact Meyer Wilson for a
free case evaluation.