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FINRA Slaps $900K Fine on E*Trade for Execution Failings

Posted: Wed Jun 01, 2016 4:01 pm

The Financial Industry Regulatory Authority (FINRA), the largest independent regulatory authority in the US, has issued a fine against E*Trade Securities LLC for a sum of $900,000 after a discrepancy in its execution, according to a FINRA statement.

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E*Trade is a US-based financial services company and online stock brokerage – the group drew a fine from FINRA for its failure to properly conduct an adequate review of the quality of execution of its clients’ orders. Additionally, FINRA had ruled that ... (read more)