TD Ameritrade: Difference between revisions

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===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===

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 ===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===