Ameritrade Must Pony Up $10 Million

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.

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