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Firm Fined $2.6 Million for Failures in Electronic Records and Email Retention

The Financial Industry Regulatory Authority (FINRA) has fined Scottrade, Inc. $2.6 million for failing to retain a large number of securities-related electronic records in the required format, and for failing to retain certain categories of outgoing emails. ¬†Additionally, FINRA set forth in its findings that Scottrade also did not have a reasonable supervisory system in … Continue reading Firm Fined $2.6 Million for Failures in Electronic Records and Email Retention