The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Photograph by Hemera Technologies/Getty Images

Company Symbol % Change
9 of 22

No. 13: RBC Capital Markets

<strong>Total Settlement:</strong> $30.4 million<br /><strong>Disgorgement:</strong> $8.4 million<br /><strong>Penalty: </strong>$22 million

Between June and December 2006, RBC Capital Markets negligently sold credit-default swap investments to five Wisconsin school districts, the <a href="http://www.sec.gov/news/press/2011/2011-191.htm">SEC alleged</a>. St. Louis financial firm Stifel Nicolaus was also named in the case. While RBC Capital Markets settled, Stifel Nicolaus is fighting the allegations, <a href="http://www.bloomberg.com/news/2011-08-10/sec-sues-stifel-for-fraud-on-losses-after-200-million-wisconsin-cdo-sales.html">according to Bloomberg</a>.

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