MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 3, 2010 Reserve Fund Sales Land TD Ameritrade in Hot Water with Regulators The Pennsylvania Securities Commission lodged a civil complaint against TD Ameritrade over sales of the Reserve Yield Plus Fund, Dow Jones reports. Regulators accused the firm of committing fraud. According to the June 17 complaint, TD Ameritrade and Amerivest Investment Management repeatedly told investors that the fund was a money-market fund instead of a cash-enhanced mutual fund. A TD spokeswoman told the news service that the firm is "cooperating with any investigation or request." Printed from: MFWire.com/story.asp?s=33022 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |