FINRA fines Scottrade $600,000 for allegedly inadequate money laundering controls

Scottrade fined $600K over money controls WASHINGTON ? Industry regulators have fined discount brokerage firm Scottrade Inc. $600,000 for allegedly inadequate money laundering controls to detect suspicious transactions. The Financial Industry Regulatory Authority, the brokerage industry’s self-policing organization, on Monday announced the civil fine against Scottrade. The St. Louis-based online investing firm did not admit or deny [...]