Violation Tracker Individual Record
NASD Ameritrade, Inc., Datek Online Financial Services, LLC (Datek), and iClearing, LLC $10 million for improperly extending credit to customers in violation of federal securities laws. As a result of a merger effective September 2002, Datek and iClearing became affiliates of Ameritrade, Inc. of Omaha, NE.
FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).