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RBC Dain Rauscher, Inc.

RBC Dain Rauscher, Inc. (CRD #31194, Minneapolis, Minnesota) received a censure and fine of $17,500. According to the findings, the firm, while acting as a market maker in the securities, was a party to a locked or crossed market condition prior to the market opening and entered a pre-opening bid (offer) quotation that was equal to or greater (less) than the pre-opening asked (bid) quotation of another market maker entering quotations in the same securities, and failed to send immediately through SelectNet® a Trade-or-Move message to the market maker whose quotations it locked or crossed for at least 5,000 shares in aggregate. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS030147)

Did RBC Dain Rauscher, Inc. manage your investments?



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