Defendant Name: TD Bank

Defendant Type: Subsidiary of Public Company
Public Company Parent: The Toronto-Dominion Bank
SIC Code: 6029
CUSIP: 89116050

Initial Case Details

Legal Case Name In the Matter of TD Bank, N.A.
First Document Date 23-Sep-2013
Initial Filing Format Administrative Action
File Number 3-15512
Allegation Type Securities Offering

Violations Alleged

Securities Act
Sec 17(a)(2)
Sec 17(a)(3)


First Resolution Date 23-Sep-2013
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

33-9453 23-Sep-2013 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and Desist Order
On September 23, 2013 the SEC accepted an Offer of Settlement submitted by TD Bank, N.A. ("TD Bank") in connection to a Ponzi scheme performed by Scott Rothstein. As Rothestein's scheme began to unravel in late 2009, one of TD Bank's former Regional vice Presidents made material misstatements and omissions to investors and prepared false and misleading documents that he knew Rothstein would provide to investors. According to the Settlement "without admitting or denying the findings herein, except as to the Commission's jurisdiction over it and the subject matter of these proceedings, which are admitted, Respondent consents to the entry of this Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act...Respondent shall, within ten days of the entry of this Order, pay a civil money penalty in the amount of $15,000,000."
2013-192_TD Bank 23-Sep-2013 Press Release--Administrative Proceeding
SEC Charges TD Bank and Former Executive for Roles in Rothstein Ponzi Scheme in South Florida
On September 23, 2013, the SEC announced that it "charged TD Bank and a former executive with violating securities laws in connection with a massive South Florida-based Ponzi scheme conducted by Scott Rothstein, who is now serving a 50-year prison sentence."

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