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RBS Securities Inc.

CT 2017 Community Banks / Credit Unions
DOJ Fraud
Penalty
$35 million

Outcome

RBS Securities Inc. Agrees to Pay $35 Million Penalty Related to Securities Fraud Scheme

Details

RBS Securities Inc. — DOJ Enforcement (2017)

DOJ took enforcement action against RBS Securities Inc. in CT in 2017 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $35 million

Violation types: Fraud
Entity type: Financial Institution
Penalty type: Criminal
Location: CT

Source: DOJ Press Release — RBS Securities Inc. Agrees to Pay $35 Million Penalty Related to Securities Fraud Scheme

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — RBS Securities Inc. Agrees to Pay $35 Million Penalty Related to Securities Fraud Scheme

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