TD Ameritrade: Difference between revisions
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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== | ||
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