Articles Posted in Broker Omissions

Are You an Investor Who Suffered Losses in Callable Securities?

FINRA Fines TD Ameritrade $500K for Making Omissions To Millions of Customers

The Financial Industry Regulatory Authority (FINRA) announced that it has fined TD Ameritrade Clearing Inc. $500K for its failure to fully disclose information about callable securities (including preferred securities and exchange-traded notes) to millions of customers over a period of five years. The alleged omissions are believed to involve nearly 10 million transactions in which the broker-dealer didn’t fully disclose, as required, that the securities involved were callable.