{"id":1203,"date":"2013-02-21T17:36:49","date_gmt":"2013-02-21T17:36:49","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/02\/ing_groep_nv_brokerdealers_fin"},"modified":"2022-03-10T16:35:56","modified_gmt":"2022-03-10T22:35:56","slug":"ing-groep-nv-brokerdealers-fin","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/","title":{"rendered":"ING Groep NV Broker-Dealers Fined $1.2M by FINRA Over Not Retaining Millions of E-Mails"},"content":{"rendered":"<p>\t\t\t\tFINRA is fining Directed Services LLC, ING Investment Advisors LLC, ING Financial Advisers LLC, ING America Equities Inc. and ING Financial Partners Inc. $1.2M for failing to keep or review million of email correspondence between &#8217;04 and &#8217;08. The five broker-dealers are affiliates of ING Groep NV (ING, INGA.AE).<\/p>\n<p>According to ING Groep, the five ING units self-reported the problem to FINRA and that no customers were affected. In the wake of a thorough internal examination, the ING affiliates have taken significant steps to better its supervisory practices and email retention. <\/p>\n<p>Per its findings, FINRA says the broker-dealers violated FINRA rules and federal provisions related to the retention of records when they did not properly configure the email accounts of staff to make sure correspondence was kept and reviewed. Also, because software wasn&#8217;t properly configured, close to 6 million emails that were marked for review at a supervisory level were not reviewed.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/\"  title=\"Continue Reading ING Groep NV Broker-Dealers Fined $1.2M by FINRA Over Not Retaining Millions of E-Mails\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FINRA is fining Directed Services LLC, ING Investment Advisors LLC, ING Financial Advisers LLC, ING America Equities Inc. and ING Financial Partners Inc. $1.2M for failing to keep or review million of email correspondence between &#8217;04 and &#8217;08. The five broker-dealers are affiliates of ING Groep NV (ING, INGA.AE). According to ING Groep, the five [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739],"tags":[],"class_list":["post-1203","post","type-post","status-publish","format-standard","hentry","category-finra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ING Groep NV Broker-Dealers Fined $1.2M by FINRA Over Not Retaining Millions of E-Mails &#8212; Investor Lawyers Blog &#8212; February 21, 2013<\/title>\n<meta name=\"description\" content=\"FINRA is fining Directed Services LLC, ING Investment Advisors LLC, ING Financial Advisers LLC, ING America Equities Inc. and ING Financial Partners Inc. &#8212; February 21, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"ING Groep NV Broker-Dealers Fined $1.2M by FINRA Over Not Retaining Millions of E-Mails &#8212; 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Investor Lawyers Blog &#8212; February 21, 2013","twitter_description":"FINRA is fining Directed Services LLC, ING Investment Advisors LLC, ING Financial Advisers LLC, ING America Equities Inc. and ING Financial Partners Inc. &#8212; February 21, 2013","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"ING Groep NV Broker-Dealers Fined $1.2M by FINRA Over Not Retaining Millions of E-Mails","datePublished":"2013-02-21T17:36:49+00:00","dateModified":"2022-03-10T22:35:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/"},"wordCount":318,"articleSection":["FINRA"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/","url":"https:\/\/www.investorlawyers.com\/blog\/ing-groep-nv-brokerdealers-fin\/","name":"ING Groep NV Broker-Dealers Fined $1.2M by FINRA Over Not Retaining Millions of E-Mails &#8212; 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