Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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>.

Advertisement