TD Ameritrade - Revision history

Sojourna: Clean-up.

2026-05-05T05:24:56Z

Clean-up.

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	\|Website=https://web.archive.org/web/20250000000000*/https://www.tdameritrade.com/		\|Website=https://web.archive.org/web/20250000000000*/https://www.tdameritrade.com/
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	'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.

	==Consumer-impact summary==		'''{{Wplink\|TD Ameritrade}}''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.

			==Consumer impact summary==
	{{Ph-C-CIS}}		{{Ph-C-CIS}}

	==Incidents==		==Incidents==
			This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}\|{{PAGENAME}} category]].

	===Security breaches===		===Security breaches===
	In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|~~date~~=~~14 Sep 2007~~ \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|archive-url=https://web.archive.org/web/20250121040750/https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|archive-date=21 Jan 2025 ~~\|access-date=15 Mar 2025 \|website=[[CNBC]]~~}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn ~~\|date=14 Sep 2007~~ \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|archive-url=https://web.archive.org/web/20220610201118/https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|archive-date=10 Jun 2022 ~~\|access-date=15 Mar 2025 \|website=[[CNET]]~~}}</ref> Following a [[class action lawsuit]] in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina ~~\|date=13 Sep 2011~~ \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|~~url-status~~=~~live~~ \|access-date=15 Mar 2025 \|~~website~~=~~[[Law360]]~~ \|archive-url=http://web.archive.org/web/20250708194600/https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|archive-date=8 Jul 2025}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin ~~\|date=14 Oct 2020~~ \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|archive-url=https://web.archive.org/web/20201014220708/https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|archive-date=14 Oct 2020 ~~\|access-date=15 Mar 2025 \|website=[[CNBC]]~~}}</ref>		In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|author= \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|website=CNBC \|date=14 Sep 2007 \|access-date=4 May 2026 \|url-status=live \|archive-url=https://web.archive.org/web/20250121040750/https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|archive-date=21 Jan 2025}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|website=CNet \|date=14 Sep 2007 \|access-date=15 Mar 2025 \|url-status=live \|archive-url=https://web.archive.org/web/20220610201118/https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|archive-date=10 Jun 2022}}</ref> Following a {{Wplink\|class action}} lawsuit in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m
			\|website=Law360 \|date=13 Sep 2011 \|access-date=15 Mar 2025 \|url-status=live \|archive-url=http://web.archive.org/web/20250708194600/https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|archive-date=8 Jul 2025}}</ref> In 2020, customer login credentials were found being sold on the {{Wplink\|dark web}}.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|website=CNBC \|date=14 Oct 2020 \|access-date=15 Mar 2025 \|url-status=live \|archive-url=https://web.archive.org/web/20201014220708/https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|archive-date=14 Oct 2020}}</ref>

	===Auction rates securities scandal===		===Auction rates securities scandal===
	In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm ~~has~~ agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>{{Cite web \|last=Pepitone \|first=Julianne ~~\|date=20 Jul 2009~~ \|title=Ameritrade settles securities case for $456M \|url=https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|url-status=live \|archive-url=https://web.archive.org/web/20090723163541/https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|archive-date=23 Jul 2009 ~~\|access-date=15 Mar 2025 \|website=[[CNN]]~~}}</ref><ref>{{Cite web \|~~date~~=~~20 Jul 2009~~ \|title=SEC Charges TD Ameritrade for Auction Rate Securities Sales Practices \|url=https://www.sec.gov/news/press/2009/2009-163.htm \|url-status=live \|archive-url=https://web.archive.org/web/20090826053057/https://www.sec.gov/news/press/2009/2009-163.htm \|archive-date=26 Aug 2009 ~~\|access-date=15 Mar 2025 \|website=[[SEC]]~~}}</ref><ref>{{Cite web \|~~date~~=~~20 Jul 2009~~ \|title=TD Ameritrade Agrees To Auction-Rate Buyback \|url=https://www.nytimes.com/2009/07/21/business/21auction.html \|url-status=live \|archive-url=https://web.archive.org/web/20170315090507/https://www.nytimes.com/2009/07/21/business/21auction.html \|archive-date=15 Mar 2017 ~~\|access-date=15 Mar 2025 \|website=[[The New York Times]]~~}}</ref>		In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became {{Wplink\|Market liquidity\|illiquid}}, making investors' money irretrievable. The firm agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>{{Cite web \|last=Pepitone \|first=Julianne \|title=Ameritrade settles securities case for $456M
			\|url=https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|website=CNN \|date=20 Jul 2009 \|access-date=15 Mar 2025 \|url-status=live \|archive-url=https://web.archive.org/web/20090723163541/https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|archive-date=23 Jul 2009}}</ref><ref>{{Cite web \|author=
			\|title=SEC Charges TD Ameritrade for Auction Rate Securities Sales Practices \|url=https://www.sec.gov/news/press/2009/2009-163.htm \|website=[[Securities and Exchange Commission]] \|date=20 Jul 2009 \|access-date=4 May 2026 \|url-status=live \|archive-url=https://web.archive.org/web/20090826053057/https://www.sec.gov/news/press/2009/2009-163.htm \|archive-date=26 Aug 2009}}</ref><ref>{{Cite web \|author= \|title=TD Ameritrade Agrees To Auction-Rate Buyback \|url=https://www.nytimes.com/2009/07/21/business/21auction.html \|website=The New York Times \|date=20 Jul 2009 \|access-date=4 May 2026 \|url-status=live \|archive-url=https://web.archive.org/web/20170315090507/https://www.nytimes.com/2009/07/21/business/21auction.html \|archive-date=15 Mar 2017}}</ref>

	===Losses in Reserve funds===		===Losses in Reserve funds===
	The company and its advisors recommended the investment of cash holdings in a ~~[[wikipedia:Money_market_fund~~\|money market fund]] affiliated with the ~~[[wikipedia:Reserve_Primary_Fund~~\|Reserve Primary Fund]], which gained approximately $1 billion in assets. The company also promoted the Reserve Yield Plus Fund as a safe money market fund, despite it actually being a bond fund. The company received commissions for steering customers toward these funds.		The company and its advisors recommended the investment of cash holdings in a {{Wplink\|money market fund}} affiliated with the {{Wplink\|Reserve Primary Fund}}, which gained approximately $1 billion in assets. The company also promoted the Reserve Yield Plus Fund as a safe money market fund, despite it actually being a bond fund. The company received commissions for steering customers toward these funds.

	During the ~~2007–2008~~ financial crisis, the ~~[[wikipedia:Reserve_Primary_Fund\|~~Reserve Primary Fund]] suffered heavy losses. In September 2008, it dropped below $1 per share, freezing $1 billion in cash belonging to TD Ameritrade clients. The Reserve Yield Plus Fund also declined in value during this period.		During the {{Wplink\|2008 financial crisis}}, the Reserve Primary Fund suffered heavy losses. In September 2008, it dropped below $1 per share, freezing $1 billion in cash belonging to TD Ameritrade clients. The Reserve Yield Plus Fund also declined in value during this period. These actions led to class-action lawsuits filed by customers and an investigation by the U.S. [[Securities and Exchange Commission]] (SEC) into the company's marketing practices.

	These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.		In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>{{Cite web \|author= \|title=Fund losses fuel customers’ anger \|url=https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html \|website=Chicago Tribune \|date=2 Nov 2008 \|access-date=4 May 2026 \|url-status=live \|archive-url=http://web.archive.org/web/20220610201118/https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html \|archive-date=10 Jun 2022}}</ref><ref>{{Cite web \|last=Ambrose \|first=Eileen \|title=Investors feel burned by what looked like a money market fund \|url=https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html \|website=The Baltimore Sun \|date=16 Dec 2008 \|access-date=5 May 2026 \|url-status=live \|archive-url=http://web.archive.org/web/20220610201131/https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html \|archive-date=10 Jun 2022}}</ref><ref>{{Cite web \|author= \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|website=[[Securities and Exchange Commission]] \|date=3 Feb 2011 \|access-date=15 Mar 2025 \|url-status=live \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011}}</ref><ref>{{Cite web \|author= \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|website=CBS News \|date=3 Feb 2011 \|access-date=4 May 2026 \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025}}</ref><ref>{{Cite web \|author= \|title=Termination of Primary Fund-In Liquidation \|url=http://www.primary-yieldplus-inliquidation.com/pdf/Fund-Update-110415.pdf \|website=The Primary Fund-In Liquidation \|date=4 Nov 2015 \|access-date= \|url-status=dead \|archive-url=https://web.archive.org/web/20220813192344/http://www.primary-yieldplus-inliquidation.com/pdf/Fund-Update-110415.pdf \|archive-date=13 Aug 2022 \|format=PDF}}</ref>

	In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html ([http://web.archive.org/web/20220610201118/https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html ~~Archived])~~</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html ([http://web.archive.org/web/20220610201131/https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html ~~Archived])~~</ref><ref>{{Cite web \|~~date~~=~~3 Feb 2011~~ \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 ~~\|access-date=15 Mar 2025 \|website=[[SEC]]~~}}</ref><ref>{{Cite web \|~~date~~=~~3 Feb 2011~~ \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 ~~\|access-date=15 Mar 2025 \|website=[[CBS]]~~}}</ref><ref>~~https~~://www.primary-yieldplus-inliquidation.com/~~lander ([http~~://web.archive.org/web/~~20251212061408~~/~~https~~://www.primary-yieldplus-inliquidation.com/~~lander Archived])~~</ref>

	==See also==		==See also==
	{{Ph-C-SA}}		{{Ph-C-SA}}

	==References==		==References==
	~~<references />~~		{{Reflist}}

			[[Category:{{PAGENAME}}]]
	[[Category:Investment banks]]		[[Category:Investment banks]]
	[[Category:Online brokerages]]		[[Category:Online brokerages]]
	[[Category:Usury]]		[[Category:Usury]]
	[[Category:Retroactively amended purchase]]		[[Category:Retroactively amended purchase]]

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	These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.		These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.

	In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html ([http://web.archive.org/web/20220610201118/https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html Archived])</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander ([http://web.archive.org/web/20251212061408/https://www.primary-yieldplus-inliquidation.com/lander Archived])</ref>		In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html ([http://web.archive.org/web/20220610201118/https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html Archived])</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html ([http://web.archive.org/web/20220610201131/https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html Archived])</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander ([http://web.archive.org/web/20251212061408/https://www.primary-yieldplus-inliquidation.com/lander Archived])</ref>

	==See also==		==See also==

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	===Security breaches===		===Security breaches===
	In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|archive-url=https://web.archive.org/web/20250121040750/https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|archive-date=21 Jan 2025 \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|archive-url=https://web.archive.org/web/20220610201118/https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|archive-date=10 Jun 2022 \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a [[class action lawsuit]] in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]]}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|archive-url=https://web.archive.org/web/20201014220708/https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|archive-date=14 Oct 2020 \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>		In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|archive-url=https://web.archive.org/web/20250121040750/https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|archive-date=21 Jan 2025 \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|archive-url=https://web.archive.org/web/20220610201118/https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|archive-date=10 Jun 2022 \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a [[class action lawsuit]] in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]] \|archive-url=http://web.archive.org/web/20250708194600/https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|archive-date=8 Jul 2025}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|archive-url=https://web.archive.org/web/20201014220708/https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|archive-date=14 Oct 2020 \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>

	===Auction rates securities scandal===		===Auction rates securities scandal===
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	These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.		These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.

	In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>		In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html ([http://web.archive.org/web/20220610201118/https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html Archived])</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander ([http://web.archive.org/web/20251212061408/https://www.primary-yieldplus-inliquidation.com/lander Archived])</ref>

	==See also==		==See also==

AnotherConsumerRightsPerson: http to https with AutoWikiBrowser, replaced: http: → https:

2026-02-11T17:54:24Z

http to https with AutoWikiBrowser, replaced: http: → https:

← Older revision		Revision as of 17:54, 11 February 2026
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	\|ParentCompany=		\|ParentCompany=
	\|Type=Public		\|Type=Public
	\|Website=https://web.archive.org/web/20250000000000*/~~http~~://www.tdameritrade.com/		\|Website=https://web.archive.org/web/20250000000000*/https://www.tdameritrade.com/
	}}		}}
	'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.		'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.

Bythmusters: Copied info from infobox to cargo

2026-01-25T14:20:14Z

Copied info from infobox to cargo

← Older revision		Revision as of 14:20, 25 January 2026
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	{{StubNotice}}		{{StubNotice}}
	{{~~InfoboxCompany~~		{{CompanyCargo
	\|~~Name~~=~~TD Ameritrade\|Type=Public~~\|Founded=1975\|Industry=Financial ~~Services~~\|~~Official~~ Website=https://web.archive.org/web/20250000000000*/http://www.tdameritrade.com/~~\|Logo=TD Ameritrade.svg~~}}		\|Description=
			\|Founded=1975
			\|Industry=Brokerage, Financial
			\|Logo=TD Ameritrade.svg
			\|ParentCompany=
			\|Type=Public
			\|Website=https://web.archive.org/web/20250000000000*/http://www.tdameritrade.com/
			}}
	'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.		'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.

SinexTitan: making it on par w brand articles

2026-01-22T19:41:39Z

making it on par w brand articles

← Older revision		Revision as of 19:41, 22 January 2026
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	'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.		'''[[Wikipedia:TD Ameritrade\|TD Ameritrade]]''' was a US-based company providing brokerage and related financial services. The company underwent an acquisition by [[Charles Schwab]] between 2019 and 2020 and completed transition of customer accounts in 2024.

			==Consumer-impact summary==
			{{Ph-C-CIS}}
	==Incidents==		==Incidents==

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	In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>		In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>

			==See also==
			{{Ph-C-SA}}
	==References==		==References==
	<references />		<references />

Trinity: Added archived reference links

2026-01-22T18:23:11Z

Added archived reference links

← Older revision		Revision as of 18:23, 22 January 2026
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	===Security breaches===		===Security breaches===
	In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a [[class action lawsuit]] in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]]}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>		In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|archive-url=https://web.archive.org/web/20250121040750/https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|archive-date=21 Jan 2025 \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|archive-url=https://web.archive.org/web/20220610201118/https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|archive-date=10 Jun 2022 \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a [[class action lawsuit]] in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]]}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|archive-url=https://web.archive.org/web/20201014220708/https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|archive-date=14 Oct 2020 \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>

	===Auction rates securities scandal===		===Auction rates securities scandal===
	In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm has agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>{{Cite web \|last=Pepitone \|first=Julianne \|date=20 Jul 2009 \|title=Ameritrade settles securities case for $456M \|url=https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNN]]}}</ref><ref>{{Cite web \|date=20 Jul 2009 \|title=SEC Charges TD Ameritrade for Auction Rate Securities Sales Practices \|url=https://www.sec.gov/news/press/2009/2009-163.htm \|url-status=live \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=20 Jul 2009 \|title=TD Ameritrade Agrees To Auction-Rate Buyback \|url=https://www.nytimes.com/2009/07/21/business/21auction.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[The New York Times]]}}</ref>		In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm has agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>{{Cite web \|last=Pepitone \|first=Julianne \|date=20 Jul 2009 \|title=Ameritrade settles securities case for $456M \|url=https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|url-status=live \|archive-url=https://web.archive.org/web/20090723163541/https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|archive-date=23 Jul 2009 \|access-date=15 Mar 2025 \|website=[[CNN]]}}</ref><ref>{{Cite web \|date=20 Jul 2009 \|title=SEC Charges TD Ameritrade for Auction Rate Securities Sales Practices \|url=https://www.sec.gov/news/press/2009/2009-163.htm \|url-status=live \|archive-url=https://web.archive.org/web/20090826053057/https://www.sec.gov/news/press/2009/2009-163.htm \|archive-date=26 Aug 2009 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=20 Jul 2009 \|title=TD Ameritrade Agrees To Auction-Rate Buyback \|url=https://www.nytimes.com/2009/07/21/business/21auction.html \|url-status=live \|archive-url=https://web.archive.org/web/20170315090507/https://www.nytimes.com/2009/07/21/business/21auction.html \|archive-date=15 Mar 2017 \|access-date=15 Mar 2025 \|website=[[The New York Times]]}}</ref>

	===Losses in Reserve funds===		===Losses in Reserve funds===
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	These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.		These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.

	In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>		In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|archive-url=https://web.archive.org/web/20110206153406/https://www.sec.gov/news/press/2011/2011-36.htm \|archive-date=6 Feb 2011 \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|archive-url=https://web.archive.org/web/20250308000930/https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|archive-date=8 Mar 2025 \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>

	==References==		==References==

I want to live in a world where: Hyperlinked to class action lawsuit.

2025-06-27T14:03:31Z

Hyperlinked to class action lawsuit.

← Older revision		Revision as of 14:03, 27 June 2025
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	===Security breaches===		===Security breaches===
	In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a class-action lawsuit in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]]}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>		In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a [[class action lawsuit]] in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]]}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>

	===Auction rates securities scandal===		===Auction rates securities scandal===

Emanuele: fixed references formatting. some are not available outside the us and still need fixing

2025-03-15T20:31:50Z

fixed references formatting. some are not available outside the us and still need fixing

← Older revision		Revision as of 20:31, 15 March 2025
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	===Security breaches===		===Security breaches===
	In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html</ref><ref>https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/</ref> Following a class-action lawsuit in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html</ref>		In November 2007, the company disclosed that hackers had breached its systems, gaining access to sensitive client information, including names, Social Security numbers, dates of birth, addresses, phone numbers, and trading activity.<ref>{{Cite web \|date=14 Sep 2007 \|title=TD Ameritrade Hacked; Customer Info Stolen \|url=https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref><ref>{{Cite web \|last=Kawamoto \|first=Dawn \|date=14 Sep 2007 \|title=TD Ameritrade's 6 million customers hit with security breach \|url=https://www.cnet.com/culture/td-ameritrades-6-million-customers-hit-with-security-breach/ \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNET]]}}</ref> Following a class-action lawsuit in 2011, the company agreed to a settlement, offering compensation ranging from $50 to $2,500 to customers who fell victim to identity theft as a result of the breach.<ref>{{Cite web \|last=Bolado \|first=Carolina \|date=13 Sep 2011 \|title=TD Ameritrade Settles Data Breach Suit For Up To $6.5M \|url=https://www.law360.com/consumerprotection/articles/271214/td-ameritrade-settles-data-breach-suit-for-up-to-6-5m \|url-status=live \|access-date=15 Mar 2025 \|website=[[Law360]]}}</ref> In 2020, customer login credentials were found being sold on the dark web.<ref>{{Cite web \|last=Rooney \|first=Kate \|last2=Khorram \|first2=Yasmin \|date=14 Oct 2020 \|title=Hackers look to buy brokerage log-ins on the dark web with Robinhood fetching highest prices \|url=https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNBC]]}}</ref>

	===Auction rates securities scandal===		===Auction rates securities scandal===
	In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm has agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm</ref><ref>https://www.sec.gov/news/press/2009/2009-163.htm</ref><ref>https://www.nytimes.com/2009/07/21/business/21auction.html</ref>		In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm has agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>{{Cite web \|last=Pepitone \|first=Julianne \|date=20 Jul 2009 \|title=Ameritrade settles securities case for $456M \|url=https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm \|url-status=live \|access-date=15 Mar 2025 \|website=[[CNN]]}}</ref><ref>{{Cite web \|date=20 Jul 2009 \|title=SEC Charges TD Ameritrade for Auction Rate Securities Sales Practices \|url=https://www.sec.gov/news/press/2009/2009-163.htm \|url-status=live \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=20 Jul 2009 \|title=TD Ameritrade Agrees To Auction-Rate Buyback \|url=https://www.nytimes.com/2009/07/21/business/21auction.html \|url-status=live \|access-date=15 Mar 2025 \|website=[[The New York Times]]}}</ref>

	===Losses in Reserve funds===		===Losses in Reserve funds===
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	These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.		These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.

	In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>https://www.sec.gov/news/press/2011/2011-36.htm</ref><ref>https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>		In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Charges TD Ameritrade for Failing to Supervise Its Representatives Who Sold Shares of the Reserve Yield Plus Fund \|url=https://www.sec.gov/news/press/2011/2011-36.htm \|access-date=15 Mar 2025 \|website=[[SEC]]}}</ref><ref>{{Cite web \|date=3 Feb 2011 \|title=SEC Announces $10M Settlement With TD Ameritrade \|url=https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/ \|url-status=live \|access-date=15 Mar 2025 \|website=[[CBS]]}}</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>

	==References==		==References==

Emanuele: added a paragraph

2025-02-12T20:32:40Z

added a paragraph

← Older revision		Revision as of 20:32, 12 February 2025
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	In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm has agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm</ref><ref>https://www.sec.gov/news/press/2009/2009-163.htm</ref><ref>https://www.nytimes.com/2009/07/21/business/21auction.html</ref>		In 2009, TD Ameritrade settled a lawsuit that accused the firm of misleading investors by selling them auction-rate securities it touted as safe, short-term investments. The investments, which had been considered safe before the 2008 financial crisis, later became illiquid, making investors' money irretrievable. The firm has agreed to pay $456 million and to buy back all the affected securities at their face value to compensate investors for losses.<ref>https://money.cnn.com/2009/07/20/news/companies/Schwab_TD_securities_investigation/index.htm</ref><ref>https://www.sec.gov/news/press/2009/2009-163.htm</ref><ref>https://www.nytimes.com/2009/07/21/business/21auction.html</ref>

	=== Losses in Reserve funds ===		===Losses in Reserve funds===
			The company and its advisors recommended the investment of cash holdings in a [[wikipedia:Money_market_fund\|money market fund]] affiliated with the [[wikipedia:Reserve_Primary_Fund\|Reserve Primary Fund]], which gained approximately $1 billion in assets. The company also promoted the Reserve Yield Plus Fund as a safe money market fund, despite it actually being a bond fund. The company received commissions for steering customers toward these funds.

			During the 2007–2008 financial crisis, the [[wikipedia:Reserve_Primary_Fund\|Reserve Primary Fund]] suffered heavy losses. In September 2008, it dropped below $1 per share, freezing $1 billion in cash belonging to TD Ameritrade clients. The Reserve Yield Plus Fund also declined in value during this period.

			These actions led to class-action lawsuits filed by customers and an investigation by the [[wikipedia:U.S._Securities_and_Exchange_Commission\|U.S. Securities and Exchange Commission (SEC)]] into the company's marketing practices.

			In 2008, TD Ameritrade agreed to reimburse customers for up to 3% of their losses in the Reserve Primary Fund, with a total cap of $50 million. In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus Fund made its final distribution in 2016, with investors receiving 97 to 98 cents per share, in addition to the compensation provided by TD Ameritrade.<ref>https://www.chicagotribune.com/news/ct-xpm-2008-11-02-0810310465-story.html</ref><ref>https://www.baltimoresun.com/news/bs-xpm-2008-12-16-0812150177-story.html</ref><ref>https://www.sec.gov/news/press/2011/2011-36.htm</ref><ref>https://www.cbsnews.com/news/sec-announces-10m-settlement-with-td-ameritrade/</ref><ref>https://www.primary-yieldplus-inliquidation.com/lander</ref>

	==References==		==References==