trending Market Intelligence /marketintelligence/en/news-insights/trending/0IEnY_rN8VmwUmzmh9k_Cg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

TD Ameritrade discloses potential legal tab in Aequitas investors' suit

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

TD Ameritrade discloses potential legal tab in Aequitas investors' suit

TD Ameritrade Inc. said it might contribute $20 million and its insurers will pay $12 million of the total $220 million settlement amount to settle a class-action suit regarding the sale of securities, if ever the court gives its approval.

Various lawsuits were filed against the company over the alleged unlawful sale of Aequitas Commercial Finance LLC securities. The plaintiffs alleged, among other things, that material misstatements and omissions were made and that the company served as the custodian for the securities. In addition, they also claimed the company referred investors to financial advisers to market the securities.

Some non-class action suits were dismissed by the judge, siding with the company's position that arbitration is the proper venue. TD Ameritrade eventually settled all non-class action suits for an amount paid by its insurers.

The magistrate judge on July 15 issued a recommendation to the district judge to preliminarily approve the class settlements. A settlement hearing is scheduled Nov. 26.