E-Trade Faces Probe Into Handling Of Orders

Law360, Los Angeles (August 6, 2013, 10:17 PM EDT) -- E-Trade Securities LLC is under investigation by federal regulators for its order-handling practices and pricing for order flow with affiliate G1 Execution Services LLC, according to a Tuesday filing with the U.S. Securities and Exchange Commission.

The Financial Industry Regulatory Authority notified E-Trade and G1 on July 11 of the examination over order routing practices, according to the filing by E-Trade Financial Corp.

E-Trade said in the filing that, last year, it completed its own review of the way it prices and sends customer stock orders...
To view the full article, register now.