03.21.2008 3:53 pm
Scottrade poised to take over defunct broker’s accounts
St. Louis Post-Dispatch
Scottrade Inc. has been designated the preferred broker/dealer to take over accounts from HybridTrading, a Portland, Ore., firm that closed Monday due to insufficient regulatory capital.
Scottrade, a discount broker based in west St. Louis County, Thursday entered into an agreement with Hybrid to be the preferred broker to take over the accounts. Scottrade said the number of accounts is small, but the traders are active and have sizeable assets.
