Violation Tracker Individual Record

Company: 
Scottrade, Inc.
Current Parent Company: 
TD Ameritrade
Penalty: 
$950,000
Year: 
2008
Date: 
June 24, 2008
Primary Offense: 
investor protection violation
Violation Description: 

St. Louis-based broker-dealer Scottrade, Inc. agreed to pay $950,000 to settle allegations it made fraudulent misrepresentations to customers relating to the firm's execution of their Nasdaq pre-open orders, which are placed after the day's market close to be executed at the next market opening.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Nebraska
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.