RBC fires equity syndicate head for communications breach

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Royal Bank of Canada’s investment\u002Dbanking arm fired John Reed over communications that violated compliance guidelines, sources said. Read on.

An RBC representative declined to comment, while Reed didn’t immediately respond to a request for comment.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.

Firms are required to scrupulously monitor communications involving their business to head off improper conduct. That system, already challenged by the proliferation of mobile-messaging apps, was strained further when the COVID-19 pandemic forced most of Wall Street to work from home.

Source: News Formal (newsformal.com)

 

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