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RBC Dain Rauscher, Inc.

RBC Dain Rauscher, Inc. (CRD #31194, Minneapolis, Minnesota) received a censure and fine of $15,000. According to the findings, the firm failed to accept or decline in ACT transactions in eligible securities within 20 minutes after execution. The NASD also found that the firm failed to enforce its written supervisory procedures that specified it was to conduct a weekly review of trade reports for compliance with NASD Marketplace Rule 6130(b). The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CLG050071)

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