Violation Tracker Individual Record

Company: 
E-TRADE Securities, Inc.
Current Parent Company: 
Morgan Stanley
Penalty: 
$20,000
Year: 
2000
Date: 
August 22, 2000
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

NASD Regulation, Inc. censured and fined E*TRADE Securities, Inc. $20,000 for failing to report its short interest positions for a twenty-eight month period. Additionally, NASD Regulation, Inc. found that the firm failed to establish, maintain and enforce written supervisory procedures reasonably designed to ensure compliance with the short interest reporting rule.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Notes: 

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).

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.