
From at least July 2012 through August 2017 (the “Relevant Period”), RBC disadvantaged certain retirement plan and charitable organization brokerage customers who maintained accounts at RBC (“Eligible Customers”)1 by failing to ascertain that they were eligible for a less expensive share class, and recommending and selling them more expensive share classes in certain open-end registered investment companies (“mutual funds”) when less expensive share classes were available. RBC did so without disclosing that it would receive greater compensation from the Eligible Customers’ purchases of the more expensive share classesFor more info visit https://www.sec.gov/litigation/admin/2020/33-10777.pdf