Latest Scottrade News: Finextra Research

Genpact error exposes personal information of 20,000 Scottrade customers

American online brokerage Scottrade says a mistake by third party vendor Genpact resulted in the sensitive information of around 20,000 customers being left exposed.

07 April 2017

/regulation

JP Morgan hack suspect returns to US to face justice

Joshua Aaron, the US fugitive suspected of carrying out the largest ever cyber attack on Wall Street, has returned to the US to face trial after hiding out in Russia for more than 18 months.

15 December 2016

/retail

TD to acquire Scottrade

TD Ameritrade and its largest shareholder TD Bank have agreed to acquire online brokerage Scottrade for an estimated $4 billion, marking a new wave of consolidation in a market hard hit by robo-advisors and a switch away from day trading to passive investments by consumers.

24 October 2016

/retail

US prosecutors lay out charges connected to huge JPMorgan hack

US prosecutors have unveiled charges against three men accused of hacking into a host of major financial institutions, including JPMorgan Chase, and stealing the data of millions of people.

10 November 2015

/retail

Cybersecurity Awareness Month falls flat as Scottrade joins ranks of victims

Discount brokerage firm Scottrade says that 4.6 million customer contact details may be at risk after the firm received a warning from the FBI that its systems had been hacked between late 2013 and early 2014.

05 October 2015

/regulation

Finra fines Scottrade $600,000 for AML failings

US online brokerage Scottrade has been hit with a $600,000 fine for failing to establish and implement an adequate anti-money laundering programme for its Internet-based business model.

26 October 2009

/retail

Scottrade launches social networking site

US online brokerage Scottrade has introduced a social networking site that traders and investors can use to share ideas, strategies and tools through discussion groups, blogs and videos.

13 August 2008

/retail

Scottrade offers free McAfee security software

US Internet brokerage Scottrade is teaming with security technology firm McAfee to provide free anti-phishing and virus protection software to its 1.6 million customers.

06 June 2007

/retail

Fidelity tops online brokerage study

A US study conducted by California-based Keynote Systems has found that Fidelity, Scottrade and Schwab deliver the best online experience for prospective brokerage customers, beating E*Trade which had topped the poll last year.

19 July 2006

/retail

Scottrade caught up in hack attack

US online brokerage Scottrade is warning customers that their personal financial details may have been compromised due to a security breach at its e-payments services provider Troy Group.

29 November 2005

/security

Scottrade to introduce PassMark two-factor authentication

Online brokerage Scottrade is implementing two-way two-factor authentication technology from California-based PassMark Security in a bid to protect its customers from Internet fraud and ID theft.

11 October 2005

/wholesale

Leading brokers at cutting edge for Web usability

Fierce competition for customers in the online brokerage industry is driving exceptional Internet service levels, according to research from Keynote Systems, with Schwab and Scottrade scoring highest for usability, and E*Trade and Fidelity appealing most to first-time investors.

13 June 2005

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