E-Trade and TradeKing reached agreements with Connecticut and other states...
E-Trade and TradeKing reached agreements with Connecticut and other states investigating potential antitrust violations within the retail securities brokerage industry, Connecticut Attorney General George Jepsen said Thursday. In exchange for being removed as targets of the investigation, both companies agreed…
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to cooperate and will create antitrust compliance policy and training programs. The companies also agreed to reimburse Connecticut and the other states $200,000 in costs related to the investigation, Jepsen said in a news release. The investigation began after NASDAQ OMX Corporate Solutions and Loyal3 Holdings discontinued their partnership, though neither was a target of the investigation (http://xrl.us/bnnrsx).