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FINRA Fines E*TRADE Securities for Compliance Issues

E*trade securities

E*TRADE Securities Censured & Fined

According to FINRA, on May 9, 2007, E*TRADE Securities LLC (CRD #29106, New York, New York) was issued and AWC in which the firm was censured and fined $40,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it transmitted reportable order events (ROEs) to OATS that were directed orders, but failed to include the correct special handling code.

The findings stated that the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with respect to the applicable securities laws and regulations, and FINRA rules, concerning timely and accurate OATS reporting.

For FINRA’s full findings see FINRA Case #2015044225801.

E*Trade Securities LLC provides security-underwriting and brokerage services. The company was founded in 1992 is based in Menlo Park, California. E*Trade Securities LLC operates as a subsidiary of ETCM Holdings, Inc.

This information, which is publicly available on FINRA’s website has been provided by The White Law Group.

If you have questions about investments you made with E*Trade Securities the securities attorneys of The White Law Group may be able to help you.  To speak with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, and its representation of investors, please visit our website at https://whitesecuritieslaw.com.


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