Mass. regulators blast Scottrade for an ‘aggressive sales culture’ involving retirement accounts

FAN Editor

Massachusetts authorities on Thursday accused discount brokerage Scottrade of practicing aggressive and improper sales practices, stating the firm “knowingly” violated established rules by linking sales contests to retirement accounts. In a complaint filed Thursday, state regulators detailed “an aggressive sales culture” at Scottrade that violated federal laws requiring investment firms […]

US factory output fails to grow for second straight month

FAN Editor

U.S. factory output was flat for the second straight month in January, raising questions about the manufacturing outlook as production dropped in the aerospace, plastics and food industries. The lack of growth in U.S. manufacturing, reported on Thursday by the Federal Reserve, confounded analyst expectations for a 0.3 percent monthly […]