Scottrade, a St. Louis online investment firm, has announced the hiring of Timothy N. Friedman as its chief anti-money-laundering compliance officer.

In the newly created post Mr. Friedman will oversee the development and implementation of preventive money laundering policies and initiatives, Scottrade said on Tuesday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.