Firm failed to adequately supervise rep
Claim against RBC DS was brought after limitation period expired
Former associate advisor permitted to contact “primary contact clients”
Mike Scott of DS explains the strategies that enabled RBC to remain top-ranked among the bank-owned brokerages in the 2013 Brokerage Report Card
Prior forged his siblings’ signatures on guarantees for his personal investment account
RBC DS fined $500,000; Two Montreal brokers each fined $100,000
Transfer will enable clients to access their accounts
Audits at RBC DS highlight the importance for advisors to exercise caution when assisting clients with complex tax planning
CRA conducting audits involving advisors at the firm
The full-service brokerage is counting on its brand recognition and focus on the high net-worth market to continue attracting advisors