
Hey guys, if you missed it, TD Asset Management settled CAD $70.25M with investors over claims it charged improper trailing commissions. And, I just found out that they’re accepting claims even though the deadline has passed.
Quick recap: In 2023, TD Asset Management was accused of charging investors fees for advisory services that were not actually provided. In short, certain mutual fund investors paid trailing commissions through discount brokers despite receiving no advice.
After this news came out, the stock dropped, and investors filed a lawsuit for their losses.
Now, the good news is that the company agreed to settle CAD $70.25M with them, and even though the deadline has passed recently, they’re accepting late claims.
So, if you invested in $TD when all of this happened, you can still check the details and file your claim here.
Anyway, has anyone here invested in $TD at that time? How much were your losses, if so?