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TD Ameritrade Holding Corporation Message Board

  • american_chariot american_chariot Sep 23, 2013 4:51 PM Flag

    TD Bank paying $52.5M to settle US regulators' charges linked to Ponzi scam

    TD Ameritrade plans to strengthen ties to TD Bank


    LINCOLN, Neb.

    Online brokerage TD Ameritrade plans to continue strengthening its ties to Canada's Toronto-Dominion Bank to help it attract new business as the economy continues to gradually improve.

    Ameritrade CEO Fred Tomczyk said the brokerage's ties to the Canadian bank, which owns 45 percent of Ameritrade's stock, help set it apart from its competitors.

    The brokerage's services are already marketed in the Canadian company's 1,300 U.S. branches, and Ameritrade stores much of its client cash in FDIC-insured accounts Toronto-Dominion offers.


    Sentiment: Strong Sell

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    • That's interesting as when I lived in NYC (left 1 1/2 years ago) a new bank TD opened up across the corner from where I lived (Midtown East) and I went in and asked if they had any relationship with Ameritrade so on... said no. As I thought I had read re what you commented on - where our cash "sweep" account is placed. But maybe the person just didn't know.

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