RBC Capital Markets Corp. has been disciplined by the NYSE for proxy-handling violations.

The firm consented, without admitting or denying guilt, to findings of proxy-handling violations, the NYSE reported. The NYSE imposed the penalty of a censure and an US$80,000 fine.

The exchange said that the firm violated NYSE rules in that it, on one or more occasions, cast votes for more shares than it was entitled to vote in proxy matters; failed to retain all required proxy solicitation records for three years; and, failed to reasonably supervise its proxy processing operations to prevent over-voting, among other things.

One of the factors considered by the hearing officer was that the over-voting involved only proprietary accounts and no customer accounts, the NYSE noted.