Tag: Scottrade

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 07, 2015 BY LeapRate Staff

Scottrade sends letter to clients affected by hacker breach

After close of US markets on Tuesday, US retail online broker and banking firm Scottrade began sending out letters to clients which were affected by the recently-disclosed hack of Scottrade's systems. As we reported last week, Scottrade was recently informed by US federal investigators that hackers had successfully accessed their systems, gaining access to certain information…

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October 03, 2015 BY LeapRate Staff

Online trading hacks continue, Scottrade admits to client info breach

Online trading and banking giant Scottrade has admitted that hackers successfully accessed their systems, gaining access to certain information on up to 4.6 million clients. The information accessed apparently includes just client names and street addresses. More sensitive data such as Social Security numbers and email addresses were not compromised. Scottrade is one of the US's largest…

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