Company Overview of Scottrade, Inc.
Scottrade, Inc., an online investing company, provides investment products, services, and market research tools to self-directed traders and investors. It offers online trading and brokerage products and services, online trading tools, deposit products and services, educational resources, and banking services. The company provides a trading Website for online trading, an options trading platform, and a real-time customizable trading platform; a mobile trading platform and mobile stock trading tools, as well as mobile applications for iPhones, Androids, and BlackBerry; and advisor services. It also offers investment products, including traditional individual retirement accounts (IRAs), stocks...
12800 Corporate Hill Drive
Saint Louis, MO 63131-0759
Founded in 1980
Key Executives for Scottrade, Inc.
Chief Financial Officer and Managing Director of Accounting
Executive Director of Operations
Chief Executive Officer of Focusshares and President of Focusshares
President of Scottrade Bank
Compensation as of Fiscal Year 2013.
Scottrade, Inc. Key Developments
Scottrade Agrees to Pay $2.5 Million to Securities and Exchange Commission and Admits Providing Flawed Blue Sheet Trading Data
Jan 29 14
The Securities and Exchange Commission charged Scottrade with failing to provide the agency with complete and accurate information about trades done by the firm and its customers, which is commonly called 'blue sheet' data. The company agreed to settle the charges by paying a $2.5 million penalty and admitting it violated the recordkeeping provisions of the federal securities laws. According to the SEC's order instituting settled administrative proceedings, broker-dealers like the company are required upon request to electronically provide the SEC with blue sheet data so the agency can use it to identify and analyze trades in the course of investigations and other work. Blue sheets contain the details of each equity or options trade that is routed through clearing broker-dealers. The term 'blue sheet' stems from the color of the forms originally mailed to broker-dealers to complete and return to the SEC. The process shifted to an electronic format in the 1980's. According to the SEC's order, the SEC staff sent electronic blue sheet requests to the company in December 2011 in connection with an investigation the agency was conducting into suspicious trades made in the company online brokerage account that was the apparent victim of account intrusion. After receiving the blue sheet information, SEC staff discovered that the company’s submission was incomplete as it failed to include data from a number of trades that resulted from unauthorized account intrusions. After the SEC staff contacted the company questioning the data, the firm informed the agency that a computer coding error had resulted in the inadvertent omission of the trades. The SEC's order finds that the company’s computer coding error resulted in the omission of trades from blue sheet responses it made to the SEC from March 2006 to April 2012. During that time, the company failed to provide the required blue sheet information on 1,231 occasions. The company has corrected the deficient code responsible for its inaccurate and incomplete blue sheet responses.
Scottrade Presents at 6th Annual Global Exchange Leader Conference, Oct-01-2013 02:30 PM
Sep 24 13
Scottrade Presents at 6th Annual Global Exchange Leader Conference, Oct-01-2013 02:30 PM. Venue: Convene (Formerly Sentry Centers) Midtown East 730 Third Ave, New York, New York, United States. Speakers: Matthew Billings, SVP Trading Services & Program Management.
Scottrade, Inc. Offers One-Of-A-Kind Flexible Reinvestment Program
Jun 25 13
Scottrade, Inc. has launched a unique dividend reinvestment service to clients seeking more choices in their strategies for dividend-paying equities.
The online investing services company launched its Flexible Reinvestment Program(TM) to clients, which is far different from typical brokerage dividend reinvestment programs that only allow for dividends to be reinvested into the same security. With Scottrade's flexible dividend reinvestment program, dividends flow into a program balance, or pool. Clients can tap that pool to buy up to five eligible securities at a time. Most stock and exchange-traded funds (ETFs) are eligible. All program purchases are commission free. Clients can change their selections at any time. Automatic purchases for the selected securities can be set up monthly or quarterly.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|