Source: Law 360

TD Ameritrade: TD Ameritrade OKs $2.3M Deal Over Scottrade Clients' Tax Hit

TD Ameritrade has settled for $2.3 million with a certified class of consumers who accused Scottrade, a brokerage firm that TD acquired in 2017, of improperly issuing what are known as substitute payments rather than dividends to customers, depriving them of a lower tax rate.

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$5.0-10B
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Est. Employees
5.0-10K
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Stephen J. Boyle's photo - Interim-CEO of TD Ameritrade

Interim-CEO

Stephen J. Boyle

CEO Approval Rating

81/100

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