E*Trade Slapped With $900,000 Fine

Shares of E*Trade (ETFC) - Get Report getting hit Friday in tandem with the broader selloff in financials in response to the weak May jobs report. Making matters worse, the online trading platform company was fined $900,000 by (FINRA) earlier this week. In a statement announcing the fine, FINRA called E*Trade out for failing to adequately 'review the quality of execution of its customers' orders' and for 'supervisory deficiencies' in protecting customer information.

This article was written by a staff member of TheStreet.