Defendant Name: TD Securities (USA) LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: The Toronto-Dominion Bank
SIC Code: 6021
CUSIP: 89116050

Initial Case Details

Legal Case Name In the Matter of TD Securities (USA) LLC
First Document Date 13-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21072
Allegation Type Municipal Securities & Public Pensions

Violations Alleged

Other
• Rule G-27 MSRB

Resolutions

First Resolution Date 13-Sep-2022
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-95751 13-Sep-2022 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 13, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against TD Securities (USA) LLC, stating: "These proceedings involve TD Securities’ failure to comply with Exchange Act Rule 15c2- 12 (the “Rule”) when participating as an underwriter in certain primary offerings of municipal securities."
2022-161_3-21072 13-Sep-2022 Press Release--Administrative Proceeding
SEC Charges Four Underwriters in First Actions Enforcing Municipal Bond Disclosure Law
The SEC stated that: "[It] filed a litigated action against Oppenheimer & Co. Inc. and separately announced settlements with BNY Mellon Capital Markets LLC, TD Securities (USA) LLC, and Jefferies LLC, charging each of the four firms with failing to comply with municipal bond offering disclosure requirements. These are the first SEC actions addressing underwriters who fail to meet the legal requirements that would exempt them from obtaining disclosures for investors in certain offerings of municipal bonds."