WASHINGTON - In the first enforcement action of its kind, the Securities and Exchange Commission fined RBC Capital Markets Corp. $125,000 for using bond proceeds to reimburse itself for treating city officials from Mesquite, Tex. - along with their spouses, children, and grandchildren - to lavish meals, car services, and entertainment in trips to New York City to meet with rating agencies in 2004 and 2005.

The SEC did not name the issuer in a nine-page enforcement document released Tuesday, but Greg Sowell, communications director for Mesquite, confirmed that the Dallas suburb was the city referenced in the SEC's release.

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