Inside these posts: Money market mutual fund

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.

 

TD Ameritrade settles SEC charges for $10M

TD Ameritrade Holding Corp. will reimburse about $10 million to customers to settle Securities and Exchange Commission charges that it misled them about the safety of a money market mutual fund.

The SEC announced the settlement Thursday after accusing TD Ameritrade of failing to reasonably supervise sales representatives who mischaracterized the Reserve Yield Plus Fund as being as safe as cash or having guaranteed liquidity. Get the full story »