The Financial Industry Regulatory Authority Inc. has censured RBC Capital Markets, fined it $550,000 and ordered restitution of $456,155 plus interest over actions involving high-yield bonds. Finra said that from July 2013 through June 2016, RBC failed to identify for ...

When a registered representative recommends that a client buy a certain mutual fund, she used to just have to make sure that the fund fit the customer’s investment objectives. That’s what occurred under the suitability standard. Since the implementation of ...