Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #1785 on STOCK ISLAND
pagello
10/10/14 1:56 AM
#1786 RE: pagello #1785
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.
Lotto123
10/11/14 4:41 PM
#1794 RE: pagello #1785