RE:RE:RE:RE:RE:negativity Craigbad wrote: The way it usually works is a bank underwrites a certain amount of bonds or shares, sells them to investors and reaps a big commission. They usually make out like bandits. If i recall correctly, they had trouble selling Concordias, which would mean they probably got stuck keeping a certain amount of the debt and/or shares themselves. Part of the underwriting is they commit to a certain amount for the company. I suspect that since they had trouble selling to investors, Rbc probably got stuck with debt and/or shares, as they were one of the underwriters, and thats why we see these ridiculous target prices from them.
You are confirming my worst fear here.
I'm ready to move from RBC to another bank if there is one that is more ethical. I'm guessing they all "play" the same undocumented rules at our expense? Very sad.
How many were fooled by RBC's predictions which were very high in spring! Do they ever get pulled in to class action suits? Recommending on one hand and institutional selling on the other?