E*TRADE Securities LLC

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E*TRADE Securities LLC
Founded 1992
Headquarters Menlo Park, CA
Key People Louis Klobuchar Jr, President
Products Registered Broker-Dealer

E*TRADE Securities LLC is a registered broker-dealer providing brokerage services and security-underwriting. [1] It is a separate, but affiliate company to E*Trade Financial, as is E*Trade Bank.

History

In January of 2009, the Financial Industry Regulatory Authority (FINRA) announced that it had imposed a $1 million fine against E*Trade Securities, LLC and E*Trade Clearing, LLC, collectively, for failing to establish and implement anti-money laundering (AML) policies and procedures that could reasonably be expected to detect and cause the reporting of suspicious securities transactions. [2]

Products and Services

Key People

Louis Klobuchar Jr., President and Chief Brokerage Officer

References

  1. Investment Company Act of 1940 - Rule 12b-1 and Section 18(f), 22(d) and 48(a). SEC.
  2. E*Trade Units Fined $1 Million for Inadequate Anti-Money Laundering Program. FINRA.