TD Ameritrade Class Action
November 5, 2020
For Immediate Release: New Investigation of TD Ameritrade Futures & Forex, LLC
Our law office announces the launch of an investigation after receiving complaints of customer positions in CL and QM contracts being liquidated not for margin reasons, and without customer authorization by TD Ameritrade Futures & Forex from April 20, 2020 through May 20, 2020. If you believe you were affected by this, and had a trading position in CL or QM, liquidated by TD Ameritrade Futures & Forex without your prior authorization, please contact R Tamara de Silva directly at 866-566-1849 or 312-586-9890, or tamara@desilvalawoffices.com. You may also contact Attorney Cheryl Fitzpatrick-Smith at 312-330-8700.
Wei Wang, John Lindstrom, et. al. v. TD Ameritrade Inc., TD Ameritrade Futures & Forex, LLC
Court: Northern District of Illinois (20-cv-4028)
August 12, 2020-
On April 20, 2020, for the first time in history, crude oil futures settled at a negative price of -$37.62. A recently filed class action lawsuit in federal court states that TD Ameritrade and TD Ameritrade Futures and Forex knew about the possibility of negative prices before April 20, 2020 but failed to act, and was not prepared. As a result, TD Ameritrade exposed their clients to unlimited market risk as they were unable to execute orders, were not warned about the possibility of negative prices, and could not reach the order desk. Many customers of TD Ameritrade Futures and Forex were affected.
The firm is also investigating subsequent service outages.
If you wish to serve as a lead plaintiff of the TD Ameritrade class action lawsuit related to the occurrence of negative oil prices, or have questions concerning your rights regarding this class action lawsuit, or another related issue, please provide your information here, or contact Ms. de Silva directly at 866-566-1849, or 312-586-9890, or via e-mail at tamara@desilvalawoffices.com.