![scottrade trading platform and td merger scottrade trading platform and td merger](https://wpcdn.us-midwest-1.vip.tn-cloud.net/www.bizneworleans.com/content/uploads/data-import/bf066f26/1TDAmeritrade-TDAmeritradeLogo-1024x360.jpg)
![scottrade trading platform and td merger scottrade trading platform and td merger](http://media.bizj.us/view/img/10206543/3059772951-7*1200xx5184-2922-0-533.jpg)
Securities and Exchange Commission (SEC) charged the company with making fraudulent misrepresentations to clients about Nasdaq pre-open orders in violation of the Securities Exchange Act of 1934. In September 2017, the online brokerage division of the company was acquired by TD Ameritrade and the banking division was acquired by Toronto-Dominion Bank. In 2009, the company launched a mobile app. Nielson rated Scottrade as the #1 online advertiser in 2008 by media weight. Louis Business Journal said Scottrade had experienced "rapid growth" with aggressive online marketing. In 2008, the company launched Scottrade Bank. The Scottrade Center naming rights was negotiated and managed by Scottrade CMO Chris Moloney which was cited by the American Business Journals as "possibly the fastest naming rights negotiation ever." Louis Blues, which was renamed the Scottrade Center (now the Enterprise Center). In 2006, Scottrade purchased the naming rights for the stadium of the St. Louis next to its call center to use as its corporate offices. In 2004, Scottrade bought an office building outside of St. īy 2003, 98% of trades executed by the company were made online. īetween 20, the company doubled the number of retail branch locations, reaching 211 in 2004. The company began offering Chinese-language services in its retail locations in 2001 and in 2003 made its online offerings available in Chinese. įor 2 years after the dot-com bubble burst in 2000, revenue declined, although it fully recovered by 2004. The name of the company was changed to Scottrade because the domain was available. īy 2000, more than 90% of the company's trades were initiated online. The number of trades increased by 15% per month, compounded monthly, for 39 months. In 1996, the company launched its website and electronic trading platform. īy 1989, the company had 6 branches, and by 1991, the company had 15 branches. In 1985, the company moved its headquarters to St. Riney founded Scottsdale Securities as a retail stockbroker in Scottsdale, Arizona.