STOCK ISLAND

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Shot across the bow of the OTC- ,

They might actually start reigning in pinky trading imo...

http://www.zerohedge.com/news/2014-10-09/etrade-busted-improperly-trading-billions-penny-stocks-over-4-years

An SEC investigation found that E*TRADE Securities and E*TRADE Capital Markets sold billions of penny stock shares for customers during a four-year period while ignoring red flags that the offerings were being conducted without an applicable exemption from the registration provisions of the federal securities laws. E*TRADE Securities remains an E*TRADE subsidiary while E*TRADE Capital Markets was sold earlier this year and is now called G1 Execution Services.

E*TRADE Securities and G1 Execution Services agreed to settle the SEC’s charges by paying back more than $1.5 million in disgorgement and prejudgment interest from commissions they earned on the improper sales. They also must pay a combined penalty of $1 million.

edit- Well, $2.5 million is nothing. Same ol' same ol' probably.