SEC Slaps TD Ameritrade’s Hand

WASHINGTON (CN) – The SEC slapped TD Ameritrade’s hand for its part in the Auction Rate Securities fiasco that froze more than $50 billion of investors’ money this year. The settled complaint allows customers to sell back any ARS they bought from Ameritrade before the market collapsed in February, “censured” the company, and told it not to do it again or the SEC may fine it, the SEC said in a statement.

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