Investor Class Certified In TD Ameritrade Contract Action
By Katryna Perera (September 16, 2021, 9:23 PM EDT) -- A Missouri federal judge granted class certification on Wednesday to a group of consumers who sued TD Ameritrade, alleging that a brokerage firm it acquired in 2017 improperly issued substitute payments rather than dividends to customers, which deprived them of a lower tax rate.
Annette Bartle initiated the case in Missouri state court in January 2020, before the case was transferred to the Western District of Missouri. She filed breach-of-contract and unjust-enrichment claims against TD Ameritrade on behalf of herself and other members of the proposed class who also had accounts with Scottrade Inc., according to court documents.
Bartle contends that...
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