RBC Dain Rauscher, Inc. (CRD #31194, Minneapolis, Minnesota) received a censure and fine of $12,500. According to the findings, the firm failed to report to the Fixed Income Pricing SystemSM (FIPSSM) transactions in FIPS securities within five minutes after execution. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS030008)
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