- Associated Press - Wednesday, January 29, 2014

ST. LOUIS (AP) - Federal regulators say St. Louis-based discount brokerage firm Scottrade has agreed to pay $2.5 million in fines for not providing the agency accurate and complete details about trades.

The St. Louis Post-Dispatch (http://bit.ly/1b5wOy1 ) reports that in announcing the action, the Securities and Exchange Commission said Scottrade failed to satisfactorily honor the agency’s request for specifics about certain trades between 2006 and 2012.

The SEC says the requests were part of its December 2011 probe of suspicious trades made in a Scottrade online brokerage account that was the apparent victim of account intrusion.

Scottrade says the omissions were “inadvertently” caused by a computer-programming error, and the company promptly corrected the issue when it was discovered.

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Information from: St. Louis Post-Dispatch, http://www.stltoday.com

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