RBC Settles $45M Mutual Fund Fee Case | Winnipeg News

RBC is settling a $45 million class-action lawsuit over hidden fees charged to customers who held RBC mutual funds through discount brokers — fees allegedly paid even though no investment advice was given. The case, filed in 2018, claims these “trailing commissions” unfairly drained investor returns. While RBC denies wrongdoing, the settlement covers a 21-year period and could resolve years of frustration for investors who felt they were paying for a service they never received. Eligible customers must act by August 18, 2026, to object or claim compensation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9f49b2db1f320a07