Around the Net
Scottrade Fined $2.6M For Failure to Retain Outgoing Emails
- Think Advisor, Tuesday, November 17, 2015 4:39 AM
Scottrade has agreed Monday to pay $2.6 million to the Financial Industry Regulatory Authority for failing to retain certain categories of outgoing emails, as well as for failing to keep securities-related electronic records in the required format. The company also failed to have a reasonable supervisory system in place for compliance rules, which led to the record-retention issues.
