E*TRADE Securities LLC
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| E*TRADE Securities LLC | |
| Founded | 1992 |
|---|---|
| Headquarters | Menlo Park, CA |
| Key People | Louis Klobuchar Jr, President |
| Products | Registered Broker-Dealer |
E*TRADE Securities LLC is a registered broker-dealer providing brokerage services and security-underwriting. [1] It is a separate, but affiliate company to E*Trade Financial, as is E*Trade Bank.
Contents |
History
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In January of 2009, the Financial Industry Regulatory Authority (FINRA) announced that it had imposed a $1 million fine against E*Trade Securities, LLC and E*Trade Clearing, LLC, collectively, for failing to establish and implement anti-money laundering (AML) policies and procedures that could reasonably be expected to detect and cause the reporting of suspicious securities transactions. [2]
Products and Services
Key People
Louis Klobuchar Jr., President and Chief Brokerage Officer
References
- ↑ Investment Company Act of 1940 - Rule 12b-1 and Section 18(f), 22(d) and 48(a). SEC. Retrieved on February 19, 2009.
- ↑ E*Trade Units Fined $1 Million for Inadequate Anti-Money Laundering Program. FINRA. Retrieved on November 17, 2009.
