Canadians could soon claim a part of a proposed settlement over TD mutual funds. Kalloghlian Myers LLP announced on Friday that a $8.5 million class…
Kalloghlian Myers LLP announced on Friday that a $8.5 million class action settlement has been reached with TD Asset Management Inc.
Trailing commissions, or trailer fees, are compensation for mutual fund dealers who advise investors. Over the years, these commissions were also paid to discount brokers.The proposed settlement will resolve the claims made on behalf of anyone who held or holds units of TD mutual fund trust at any time on or before September 11, 2024.
The settlement is still subject to approval by the Ontario Superior Court of Justice. A hearing has been set for January 23, 2025.
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