Washington State Department of Financial Institutions
04/02/2026 | Press release | Archived content
RBC Capital Markets, LLC
Case summary
On April 2, 2026, the Washington State Department of Financial Institutions Division of Securities entered a Consent Order (S-25-3999-25-CO01) against RBC Capital Markets, LLC.
Order details
Order File: S-25-3999-25-CO01
Laws & Rules: RCW 21.20.110, WAC 460-20C-150
Penalties/Remedies:
- Fines: $25,000
- Restitution: $160,610.84
- Cease and Desist
Findings
- Between May 2020 and May 2025, Respondents took unreasonable commissions (in excess of 5% of the principal trade amount) on equity transactions. In Washington, Respondents executed 4,109 equity transactions that included an unreasonable commission for the service performed, totaling $160,510.84.
- Respondents failed to reasonably supervise certain transactions, which included a Minimum Equity Commission charge, to ensure that customers were charged a reasonable commission.
Order file
Washington State Department of Financial Institutions published this content on April 02, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 22:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]