Mississippi has received $34,070 as part of a settlement of a securities violation in the state, Secretary of State Delbert Hosemann has announced.
A multistate investigation by the North American Securities Administrators Association determined that RBC Capital Market sold securities without registering with the Mississippi Secretary of State’s office.
“Registering investment advisers provides confidence to Mississippi citizens when they purchase securities in Mississippi, their investment advisers have followed the proper rules and regulations required in the State,” Hosemann said in a release. “RBC Capital has agreed to make the necessary changes in procedure to ensure they follow Mississippi’s security laws in the future.”
AP
11/4/13
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