RBC Settles with SEC on Auction Rate Securities

Financial Post, Eoin Callan and Jamie Sturgeon, 8 October 2008The Royal Bank of Canada will pay a fine and reimburse customers as part of a settlement with U.S. federal and state authorities over its role in the collapse of the auction-rate securities market that left many Americans unable to access savings they had set aside for short-term needs like college tuition and medical expenses.The