Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Customer login information reportedly sold online
Reports indicated that TD Ameritrade customer login information was being offered on the dark web.
2009
Auction-rate securities settlement
The company resolved allegations that auction-rate securities had been marketed as short-term investments through a payment and repurchase program for affected securities.
2008
Reserve fund losses and product-marketing scrutiny
Customers were affected when the Reserve Primary Fund broke the buck and Reserve Yield Plus declined in value. Critics alleged that TD Ameritrade’s product marketing, commissions, and descriptions created conflicts of interest or understated risk.
2007
Customer information breach
Hackers obtained extensive customer information, including personally identifying data and trading activity. A later class-action settlement provided compensation to customers who experienced identity theft.