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TD Ameritrade Fined $300,000 by Texas Securities Regulators

TD Ameritrade Fined $300,000 by Texas Securities Regulators

TD Ameritrade Fined $300,000 by Texas Securities Regulators 150 150 Rex Securities Law

July 28, 2015

TD Ameritrade agreed to pay $300,000 to the state of Texas for failing to enforce internal rules requiring customers to be notified when money is withdrawn from their accounts. In addition, they will also make a $100,000 contribution to an investor education fund. An affiliate, TD Ameritrade Holding will make an additional $100,000 contribution to investor education efforts.

The Texas Securities Commissioner John Morgan announced that an investigation by the Texas State Securities Board found many instances where customers were not notified of third party wire transfers from their accounts during the period from early 2011 through August 2014.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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