Violation Tracker Individual Record

Company: 
TD Ameritrade Inc.
Current Parent Company: 
TD Ameritrade
Penalty: 
$10,000,000
Year: 
2011
Date: 
February 3, 2011
Primary Offense: 
financial institution supervision failures
Violation Description: 

The Securities and Exchange Commission announced that TD Ameritrade Inc. agreed to settle allegations that it failed to reasonably supervise its registered representatives, some of whom misled customers when selling shares of the Reserve Yield Plus Fund, a mutual fund that "broke the buck" in September 2008.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Nebraska
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.