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Tuesday, April 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Fines Stock Broker Scottsdale $950,000

WASHINGTON (CN) - St. Louis-based stock broker Scottsdale Inc. will pay $950,000 to settle charges that if fraudulently misrepresented its execution of customers' trading orders, the SEC said. The charges involve execution of Nasdaq pre-open orders, which are placed after trading closes for the day, to be executed the next morning.

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