TD Ameritrade - Revision history

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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==

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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.

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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.

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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 />

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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===
Line 19:		Line 19:
	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===
Line 19:		Line 19:
	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==

Emanuele at 21:22, 11 February 2025

2025-02-11T21:22:01Z

← Older revision		Revision as of 21:22, 11 February 2025
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	{{StubNotice}}		{{StubNotice}}
	{{InfoboxCompany		{{InfoboxCompany
	\|Name=TD Ameritrade\|Type=~~Financial Services~~\|Founded=1975\|Industry=Financial Services\|Official Website=https://web.archive.org/web/20250000000000*/http://www.tdameritrade.com/\|Logo=TD Ameritrade.svg}}		\|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}}
	'''[[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.

	== Incidents ==		==Incidents==

	=== 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>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>

	=== 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>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>

	== References ==		=== Losses in Reserve funds ===

			==References==
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	[[Category:Investment banks]]		[[Category:Investment banks]]