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FINRA Hits Ally Invest Securities With $850K Fine Over Emails
News October 09, 2025 at 02:53 PM
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What You Need To Know
- Ally Invest Securities failed to preserve about 22.6 million electronic communications, according to FINRA.
- Ally captured electronic communications by copying them to a dedicated mailbox, but when Ally transitioned to a new records-retention system, the copying feature was deleted.
- FINRA previously warned Ally about another failure to review business-related electronic communications.
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