Violation Tracker Individual Record
NASD fined Scottrade, Inc., of St. Louis, MO, $250,000 for improperly extending credit to customers in violation of federal securities laws and banking regulations.
NASD Fines Scottrade, Inc. $250,000 for Improperly Extending Credit to Cash Account Customers, PR Newswire, January 21, 2005 (via Nexis).
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).