Brokerage

Charles Schwab, TD Ameritrade Merger Antitrust Class Action

In October 2020, the Charles Schwab Corporation merged with TD Ameritrade. This antitrust class action alleges that the resulting brokerage company “has created an unprecedented market concentration in which the merged entity has captured and maintained fully half of the retail order flow in the United States” and “has substantially decreased competition[.]” But retail investors  Read more

Voyager Digital Representations on Cryptocurrency Trading Class Action

Voyager Digital Ltd. and Voyager Digital, LLC offer a “multi-billion-dollar mobile application cryptocurrency investment service” that permits members of the general public to buy and sell cryptocurrencies. The complaint alleges that the service is aimed at investors who are young and inexperienced and that some of its promises are simply not true.  Read more

TD Ameritrade Prohibitions on Sales of AMC Stock Class Action

TD Ameritrade, Inc. is a broker that processes trading orders for consumers. The complaint for this class action alleges that on January 28, 2021, TD did not process orders for AMC securities, either prohibiting customers from making the trades or delaying in making them. The complaint alleges breaches of contract and of the implied covenant  Read more