Defendant Name:
TD Securities (USA) LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
The Toronto-Dominion Bank
SIC Code:
6021
CUSIP:
89116050
Document Reference:
34-95751
Document Details
Legal Case Name
In the Matter of TD Securities (USA), LLC
Document Name
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
Document Date
13-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$45,891.72
Shared:
Civil Penalty
Individual:
$100,000.00
Shared:
Pre-Judgment Interest
Individual:
$7,064.20
Shared: