Class action says TD Ameritrade violated Securities Exchange Act

Published December 5, 2014 4:13pm ET



TRENTON, N.J. (Legal Newsline) – A class action alleging online broker TD Ameritrade routed orders in a manner that maximized liquidity rebates for the company rather than optimized execution for clients was recently filed in New Jersey.

The suit is seeking to recover damages on behalf of all retail clients of TD Ameritrade during the class period beginning in September 2011.

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