Scottrade was a stockbroker and electronic trading platform that operated via mobile, on the web, and at branches.

The company also agreed to stop committing or causing any violations of the act, and paid a civil penalty of $950,000.

[11] In January 2014, the company admitted to violating the record keeping requirements of federal security laws.

As part of the settlement, the company agreed to admit fault and pay a fine of $2.5 million.

[12] In October 2015, Scottrade revealed that, in late 2013 and early 2014, hackers accessed an encrypted database containing the personal records of more than 4.6 million clients, including names, street addresses, email addresses, social security numbers, and other sensitive account data.

The company had deleted and failed to save over 168 million outgoing emails with trading information.

Scottrade did not admit to or deny these charges, but consented to an entry of FINRA's findings and agreed to pay the fine.