TD Ameritrade Fined $600K Over Flawed Automated Approvals

By Katryna Perera (April 29, 2024, 8:55 PM EDT) -- TD Ameritrade Inc. has agreed to pay a $600,000 fine to the Financial Industry Regulatory Authority, which alleged the online stock trading platform relied on an inadequate automated approval system for options trading that allowed risk-prone customers to be approved for certain trades despite red flags....

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