Tag: FINRA

November 16, 2015 BY Mike Fox

FINRA fines Scottrade $2.6M for failures in required electronic records and email retention

The Financial Industry Regulatory Authority (FINRA) has dealt it's latest fine, the U.S. financial and securities watchdog announced today that it fined discount brokerage house and e-trading provider Scottrade, Inc. $2.6 million for failing to retain a large number of securities-related electronic records in the required format, and for failing to retain certain categories of outgoing…

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October 26, 2015 BY Maria Nikolova

FINRA warns US investors of binary options risks

Shortly after the U.S. Commodity Futures Trading Commission (CFTC) starting publishing a RED List of binary options and Forex brokers that target US investors without having the necessary registration to do so, the wave of alerts against the dangers of binary options continues across the United States. The US Financial Industry Regulatory Authority (FINRA), which has…

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