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Violation Tracker Individual Record

Company: E*TRADE Securities LLC
Current Parent Company: Morgan Stanley
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $5,000,000
Year: 2011
Date: October 19, 2011
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: E*TRADE agreed to pay $5 million to a group of states to resolve allegations the company failed to warn investors about the risks of auction-rate preferred securities.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.