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The most profitable is charging interest on the firm's customer debits typically a result of stocks bought on margin.
But Baron had no customer debits it was a firm, as many bucket shops are, that specialized in stocks that are not marginable.
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The Retail segment includes individual customer deposits, credit facilities, customer debit current accounts, fees from banking services and remittance business.
The clearing firm also charges interest typically 1% a month of customer debit balances carried on the clearing firm's books.
In August, United Parcel Service reported a data breach may have occurred in 51 of their UPS Stores, possibly leading to the theft of customer debit and credit card information.
In late September, sandwich shop chain Jimmy John's confirmed that criminals hacked into their point of sale systems at 216 stores and accessed customer debit and credit card information.
The Home Depot said Thursday that about 56 million customer debit and credit cards were put at risk after hackers broke into the company's payment systems.
Last week Home Depot revealed that hackers had stolen data on 56 million customer debit and credit cards in what amounted to the largest retail breach on record.
Since then, numerous other retailers have been attacked, including Neiman Marcus and Home Depot, which revealed last month that hackers had stolen data on 56 million customer debit and credit cards in the largest retail breach on record.
The sandwich chain Jimmy John's confirmed Wednesday that hackers stole customer debit and credit card data from 216 of its stores, making the company the latest victim in a string of cyber attacks against major retailers and restaurants.
Wells Fargo, prior to April 2001, posted customer debit card purchases to their bank accounts in order of lowest charge to highest, which minimized the number of overdrafts, according to the ruling.
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