Disclosure Insight Maintains Medium Risk Rating on TD Ameritrade

A report from Disclosure Insight reiterates its Medium Risk – Negative Bias rating on TD Ameritrade (NASDAQ: AMTD).

The report states, “Risk of an undisclosed SEC investigation; controlled company status; related party transactions; and turnover in the executive suite and on the board support our opinion of a Medium Risk - Negative Bias rating on AMTD. As of 20-Dec-10, Toronto-Dominion Bank (TD) and members of the Ricketts family beneficially owned 46% and 15% of the company's common stock, respectively."

AMTD closed yesterday at $16.82.