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

By Katryna Perera (March 21, 2022, 5:38 PM EDT) -- 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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