Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, represents investors who have suffered losses due to misconduct, unsuitable recommendations, or negligence at brokerage firms Nationwide-investor-losses/”>Nationwide-investor-losses/”>Nationwide. Our 95+ years of combined experience and 98% success rate give us the insight to identify violations and build strong claims for recovery.
About RBC-investor-losses/”>RBC-investor-losses/”>RBC-wealth-management-investor-losses/”>RBC Wealth Management
RBC Wealth Management is a global wirehouse and wealth management firm with the Financial Industry Regulatory Authority (FINRA). The firm serves individual and institutional investors across the United States through a network of registered representatives and financial advisors.
Common investor complaints at RBC Wealth Management
Investors working with RBC Wealth Management have reported issues including:
- Unsuitable investment recommendations
- Overconcentration in high-risk or illiquid products
- Failure to supervise registered representatives
- Churning or excessive trading
- Unauthorized transactions
- Misrepresentation of investment risks
- Breach of fiduciary duty
FINRA arbitration and regulatory data
The following reflects publicly available FINRA BrokerCheck disclosures, arbitration awards, and regulatory actions involving RBC Wealth Management:
– **FINRA arbitration award — age discrimination**
– **Case type:** FINRA arbitration / employment dispute
– **Year of award:** **2024** (reported in recent articles)
– **Award amount:** **$9.7 million**
– **Breakdown:** about **$6 million compensatory damages**, **$2 million punitive damages**, and about **$1.6 million in costs and fees**
– **Claimant:** **Cinda Collins**
– **Allegations:** RBC allegedly **unlawfully discriminated** against Collins and fired her in **2019** after 27 years with the firm, allegedly to force her into retirement and transition her book of business to a younger advisor.
– **Source detail:** FINRA panel found for Collins after a one-month hearing; the award was described as a significant discrimination ruling against RBC.
– **Customer complaint settlement — overtrading / unsuitable trading**
– **Case type:** **Customer complaint settlement**
– **Year settled:** **April 2021** (described as “April of this year” in the source article, which is consistent with the article’s publication timing)
– **Settlement amount:** **$3.5 million**
– **Claimants:** Family of the late **Robert Skinner**, co-founder of Skinner and Broadbent, Inc.
– **Broker involved:** **James A. Wilson** (former RBC Wealth Management broker)
– **Allegations:** Overtrading of multiple related accounts through purchases of **closed-end funds and other products**
– **Time period alleged:** Conduct allegedly began as early as **2006** and continued until **August 2015**
– **Sanctioned advisor:** The source indicates Wilson had a BrokerCheck report reflecting the complaint; however, the supplied text does **not** show a specific regulatory sanction in this matter, only the complaint and settlement.
– **Potentially relevant regulatory / disciplinary context involving RBC-linked advisors**
– **James A. Wilson**
– **Case type:** Customer complaint / alleged trading abuse
– **Years:** Alleged misconduct from **2006–2015**; complaint filed in **January 2016**; settled later for **$3.5 million**
– **Issue:** Overtrading / excessive trading in client accounts
– **Cinda Collins**
– **Case type:** Employment discrimination arbitration
– **Year fired:** **2019**
– **Award year:** **2024**
– **Dollar amount:** **$9.7 million**
– **No advisor sanction stated** in the provided results; this was an employment claim against the firm rather than a customer-broker misconduct case.
– **Summary of the most recent items in the provided results**
– **2024:** FINRA arbitration award against RBC for **$9.7 million** in an **age discrimination** case involving **Cinda Collins**
– **2021:** **$3.5 million** customer complaint settlement involving former broker **James A. Wilson** and alleged **overtrading**
– **No specific 2021–2026 regulatory fine or enforcement action against RBC Wealth Management** was evident in the provided search results
– **If you want, I can next turn this into a compact table with columns for:**
– **Year**
– **Matter type**
– **Amount**
– **Advisor / claimant**
– **Allegations**
– **Status (award/settlement/complaint)**
How our firm helps investors
Investment Fraud Lawyers have been involved in over $520 million in securities cases. We work on a contingency basis — no recovery, no fee. Our process:
- Free case evaluation. We review your account statements, communications, and trading history at no charge.
- Claim preparation. We draft a Statement of Claim identifying specific violations and damages.
- Discovery. We obtain internal firm records, communications, and compliance documents.
- Resolution. We negotiate settlement or present your case at a FINRA arbitration hearing.
Frequently asked questions
Can I sue RBC Wealth Management directly?
Most brokerage agreements require FINRA arbitration. You typically cannot sue RBC Wealth Management in court. Our firm handles FINRA arbitration claims nationwide.
How long does FINRA arbitration take?
Most cases resolve within 12 to 18 months. Many settle before a hearing.
What types of losses can be recovered?
Damages may include principal losses, consequential losses, lost opportunity costs, and in egregious cases, punitive damages.
How do I know if my losses were caused by misconduct?
Red flags include account concentration, unauthorized trades, excessive fees, and investments that do not match your stated risk tolerance. We review your statements at no charge.
Does RBC Wealth Management have a history of complaints?
RBC Wealth Management maintains a public BrokerCheck profile through FINRA. Investors can review disclosures, arbitration awards, and regulatory actions on the FINRA BrokerCheck website.
What does “no recovery, no fee” mean?
Investment Fraud Lawyers works on a contingency basis. We only collect a fee if we recover money for you. There are no upfront costs or hourly charges.
Contact us for a free case review
If you lost money at RBC Wealth Management, contact Investment Fraud Lawyers today.
Call 1-888-885-7162 or email case@htattorneys.com
Our offices: Juno Beach, Florida | Phoenix, Arizona | New York, New York | Cary, North Carolina | Houston, Texas
Disclaimer: The information on this page is provided for educational and investigational purposes. It does not constitute legal advice. Past results do not guarantee future outcomes. Each case is evaluated on its own facts and circumstances.