Reuters: Regulatory News: E*Trade settles with three U.S. states in antitrust probe

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

E*Trade settles with three U.S. states in antitrust probe Aug 31st 2012, 01:58 Thu Aug 30, 2012 9:58pm EDT Aug 30 (Reuters) - Online brokerage firm E*Trade Financial Corp has reached an agreement with three U.S. states to implement an antitrust compliance policy and training program, Connecticut Attorney General George Jepsen said in a statement. The agreement is part of a multi-state investigation into potential violations of antitrust law in the retail securities brokerage industry. E*Trade will also pay $100,000 to reimburse the states for a portion of their costs of the investigation but the payment is not meant to be construed as a penalty, according to the letter of agreement. A similar agreement has been reached with TradeKing Group Inc. E*Trade reached the agreement with the attorneys general of Connecticut, Iowa and Missouri. E*Trade representatives could not be reached for comment outside normal working hours.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions