Article: Short Squeeze Stockbrokers And Hedge Funds Face Proposed Antitrust Class Action

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Joseph Saveri Law Firm | 21.02.02

On January 28, many brokerages abruptly and unilaterally restricted retail investors’ ability to buy long positions—in some cases removing the option to buy shares of the relevant securities while openly permitting them to sell their existing shares or prohibiting users from viewing the tickers for some or all of the relevant securities.

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Fined: E*Trade Futures LLC fka Aperture, LLC dba OptionsHouse Fined by FINRA

Fined

E*Trade Futures LLC fka Aperture, LLC dba OptionsHouse Fined by FINRA

12 December 2018

An AWC was issued in which the firm was censured and fined $75,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it routed for execution multiple options orders to other member firms that were marked with an inaccurate origin code of “Customer,” instead of “Professional Customer.” The findings stated that the firm failed to identify customer accounts under common ownership that met the Professional Customer threshold and failed to configure the Financial Information eXchange messaging code for Professional Customer with one of its executing brokers.

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