{"id":6586,"date":"2018-09-26T08:06:49","date_gmt":"2018-09-26T08:06:49","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6586"},"modified":"2018-09-26T08:06:49","modified_gmt":"2018-09-26T08:06:49","slug":"td-ameritrade-fined-500k-for-not-reporting-investment-advisers-suspect-activities","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/td-ameritrade-fined-500k-for-not-reporting-investment-advisers-suspect-activities\/","title":{"rendered":"TD Ameritrade Fined $500K For Not Reporting Investment Advisers\u2019 Suspect Activities"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission is ordering TD Ameritrade Inc. (AMTD) to pay a $500K fine for not submitting mandatory suspicious activity reports (SARs) even after the broker-dealer stopped doing business with 111 independent investment advisers. The regulator contends that between 2013 and September 2015, the firm ended its business relationships with these advisers, who were not TD Ameritrade employees, due to what it found to be \u201cunacceptable business, credit, operational, reputational or regulatory risk\u201d to itself or customers.<\/p>\n<p>While the brokerage firm did submit a number of suspicious activity reports (SARs) regarding suspect transactions made by some of these advisers it had fired, it did not submit SARs reports on some of the other advisers with whom TD Ameritrade had also ended their business relationships.<\/p>\n<p>The suspect activities at issue allegedly included suspicious trading\u2014including moving losses from trade errors to clients\u2014inappropriate money transfers, and making false and misleading statements to customers while serving as an investment adviser managing their TD Ameritrade accounts.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/td-ameritrade-fined-500k-for-not-reporting-investment-advisers-suspect-activities\/\"  title=\"Continue Reading TD Ameritrade Fined $500K For Not Reporting Investment Advisers\u2019 Suspect Activities\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission is ordering TD Ameritrade Inc. (AMTD) to pay a $500K fine for not submitting mandatory suspicious activity reports (SARs) even after the broker-dealer stopped doing business with 111 independent investment advisers. The regulator contends that between 2013 and September 2015, the firm ended its business relationships with these advisers, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3783,3752,3781,3976],"tags":[3153],"class_list":["post-6586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-misconduct","category-financial-firms","category-investment-advisers","category-td-ameritrade-inc","tag-td-ameritrade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TD Ameritrade Fined $500K For Not Reporting Investment Advisers\u2019 Suspect Activities &#8212; Investor Lawyers Blog &#8212; September 26, 2018<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission is ordering TD Ameritrade Inc. (AMTD) to pay a $500K fine for not submitting mandatory suspicious activity reports (SARs) even after the broker-dealer stopped doing business with 111 independent investment advisers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/td-ameritrade-fined-500k-for-not-reporting-investment-advisers-suspect-activities\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"TD Ameritrade Fined $500K For Not Reporting Investment Advisers\u2019 Suspect Activities &#8212; Investor Lawyers Blog &#8212; September 26, 2018\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission is ordering TD Ameritrade Inc. 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