WASHINGTON (CN) - TD Ameritrade agreed to cough up $10 million to customers who still hold shares of the Reserve Yield Plus Fund, the SEC said. The SEC accused Ameritrade of failing to supervise its registered representatives, some of whom misled customers when selling shares of the Reserve Yield Plus Fund, a mutual fund that 'broke the buck' during the market chaos of September 2008.
Read the Top 8
Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.
Additional Reads
-
Democrats switch sides along Texas border as GOP gains ground November 21, 2022 -
CVS, Walgreens announce opioid settlements totaling $10B November 2, 2022
-
World's 1st space tourist signs up for flight around moon October 12, 2022 -
