Finra Orders RBC to Pay $1.4 Million For Selling Risky Investment Products

The Financial Industry Regulatory Authority (FINRA) today announced that it has ordered RBC Capital Markets to pay a $1 million fine and approximately $434,000 in restitution to customers for supervisory failures resulting in sales of unsuitable reverse convertibles. Brad Bennett, FINRA Executive Vice President and Chief of Enforcement, said, "Securities…