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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.