Violation Tracker Individual Record

Company: 
TD Waterhouse Investor Services, Inc.
Current Parent Company: 
Toronto-Dominion Bank
Penalty: 
$2,000,000
Year: 
2004
Date: 
September 21, 2004
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

TD Waterhouse Investor Services, Inc. agreed to pay $2 million to settle allegations that it made undisclosed cash payments to three investment advisers to encourage them to use TD Waterhouse for their clients' brokerage business.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Canada
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
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.