Regulatory Alerts2025-11-14
Added · Updated
Consent Order Regarding TD Ameritrade, Inc. Administrative Fine and Restitution
TD Ameritrade, Inc. is censured and ordered to pay a $15,000 administrative fine to the State of Connecticut for charging unreasonable commissions exceeding 5% on 797 small principal equity transactions between June 2018 and June 2023. The firm must provide restitution of $10,880.42 plus 6% interest to affected Connecticut customers within 120 days, following a coordinated multistate investigation into its failure to reasonably supervise broker-assisted trades. The order resolves the investigation under the Connecticut Uniform Securities Act, with the fine and restitution being non-deductible and non-reimbursable.
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