Defendant Name: E*Trade Capital Markets LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: E*TRADE Financial Corp
SIC Code: 6211
CUSIP: 26924640

Initial Case Details

Legal Case Name SEC v. E*Trade Capital Markets LLC
First Document Date 04-Mar-2009
Initial Filing Format Civil Proceeding
Case Number 09-cv-01976
Allegation Type Broker Dealer
Federal District Court New York, Southern District of New York

Violations Alleged

Other
• Chicago Stock Exchange Rule 17; Section 17(a) Exchange Act; Rule 17a-3 Exchange Act

Resolutions

First Resolution Date 04-Mar-2009
Headline Total Penalty and Disgorgement $33,960,000

Related Documents:

court_doc1_09-cv-01976 04-Mar-2009 Complaint
Complaint
The SEC stated: "This case concerns the failure of ETCM, a specialist firm, to meet its basic obligation as a specialist to serve public customer orders over its own proprietary interests while executing trades on the Chicago Stock Exchange."
LR-20922 04-Mar-2009 Litigation Release
SEC Sues 6 Specialist Firms for Unlawful Proprietary Trading on the Chicago Stock Exchange; Firms Agree to Pay More Than $42 Million in Disgorgement and Civil Penalties
The SEC stated: "[Defendant] failed to meet [its] basic obligation as [specialist] to serve public customer orders over [its] own proprietary interests while executing trades on the CHX."
2009-42_09-cv-01976 04-Mar-2009 Press Release--Civil Action
SEC Charges 14 Specialist Firms for Improper Proprietary Trading
The SEC stated that: "[It] brought enforcement actions against 14 specialist firms for unlawful proprietary trading on several regional and options exchanges."
court_doc2_09-cv-01976 11-Mar-2009 Court Docket Document
Final Judgment as to E* Trade Capital Markets LLC
On March 11, 2009, the Court issued a Final Judgment as to E*Trade Capital Markets LLC. The Court stated: "Defendant . . . consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
LR-20952 13-Mar-2009 Litigation Release
Court Enters Final Judgments Against Specialist Firms
The SEC "announced today that on March 11, 2009, the Honorable Laura Taylor Swain, United States District Judge for the Southern District of New York, entered Final Consent [Judgment] in the Commission's previously filed [case] against . . . E*Trade Capital Markets LLC."