The client contended that he terminated the investment advisory relationship with the Representative in December, 2023, The Representative continued to manage the account until the client contacted the firm on July 29, 2024. The Representative denied receiving any instruction from the client to cease the advisory relationship. The firm refunded the investment advisory fees assessed on the account since December, 2023.

$10,618.27

$10,618.27

RBC CAPITAL MARKETS CORPORATION

Discharged

VIOLATION OF FIRM TRADING RESTRICTIONS IN ADVISORY ACCOUNTS.

BROKER MISUNDERSTOOD THE STATUS OF THE "ADVISORY" ACCOUNT, THAT "DISCRETION EXERCISED" VIOLATED THE FIRM POLICY.