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Violation Tracker Individual Record

Company: RBS Securities Inc.
Current Parent Company: NatWest Group PLC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $99,500,000
Year: 2014
Date: June 19, 2014
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The Federal Housing Finance Agency announced a settlement for $99.5 million with RBS Securities, Inc. for alleged violations of federal and state securities laws in connection with private-label mortgage-backed securities purchased by Freddie Mac during 2005-2007.
Level of Government: federal
Action Type: agency action
Agency: Federal Housing Finance Agency
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.