Massachusetts fines RBC $200,000 over failure to supervise
Regulator charges the firm failed to act on a former broker who was loading customer accounts up with energy sector master limited partnerships.
RBC Capital Markets has signed a consent order with Massachusetts securities regulators, accepting a censure and a $200,000 fine for failing to supervise former broker Bruce Cameron, who over-concentrated the portfolios of senior citizens in energy sector master limited partnerships.
Cameron, a 5
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