TD Asset Management Is Paying a CAD $70.25M Settlement to Investors — Here’s How to Get Your Share

Case: CV-18-595380-00CP

TD Asset Management ($TCSH) agreed to pay CAD $70.25 million to settle claims in Canada that it improperly used mutual fund assets to pay trailing commissions to discount brokers, a practice that allegedly harmed investors.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons who held or hold units of a TD Mutual Fund through a discount broker at any time on or prior to September 11, 2024, and were damaged thereby, excluding the Defendant and other Excluded Persons.

Do you have to sell securities to be eligible?

No, if you held qualifying mutual fund units within the eligibility period, you are eligible to participate. You can participate in the settlement and retain (or sell) your holdings.

How long will it take to receive your payout?

The entire process usually takes several months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically check which ones you might have missed — or file manually for this case.