WASHINGTON (Reuters) - Chicago-based E*Trade Securities LLC and E*Trade Clearing LLC, units of E*Trade Financial Corp (O:ETFC), have agreed to pay a $280,000 civil penalty for failing to comply with record-keeping rules, the U.S. Commodities Trading Commission said in a statement on Thursday.
The CFTC said it found that E*Trade Securities units did not preserve and maintain some audit trail logs for their customers and E*Trade Clearing did not preserve and maintain customer audit trail logs after becoming registered as a futures commission merchant.