Skip to main content


Representing Individual, High Net Worth & Institutional Investors

Office in Indiana


Home > Blog > RBC Wealth Management (RBC) Pays Huge $3.5 Million Settlement

RBC Wealth Management (RBC) Pays Huge $3.5 Million Settlement

In April of 2017, RBC settled a case involving Indianapolis broker James Wilson for $3.5 Million. The investors alleged that Wilson and RBC had overtraded in many accounts and excessively sold their family various closed end funds that included Unit Investment Trusts (UITs). More details can be found in the story in the Indianapolis Business Journal at:

On behalf of our clients, our firm is investigating various claims against RBC and its brokers, including James Wilson,  for the sale of closed end funds such as UITs, and other bad practices such as overtrading accounts. If you are an individual or institutional investor who has any concerns about your investments with RBC and/or its brokers like James Wilson, please contact us for a no-cost and no-obligation evaluation of your specific facts and circumstances. You may have a viable claim for recovery of your investment losses by filing a securities arbitration case with the Financial Industry Regulatory Authority (FINRA).

Comments are closed.

« Back to Blog

Top of Page