TD Ameritrade Did Not Aid, Participate In Ponzi Scheme, 11th Circuit Panel Rules

(October 31, 2016, 5:32 PM EDT) -- ATLANTA — A federal district court did not err in dismissing a securities class action lawsuit brought by investors who alleged that TD Ameritrade Inc. and certain of its affiliates aided and/or participated in a Ponzi scheme because the investors failed to show that the defendants actually participated in the sale of the securities at issue, an 11th Circuit U.S. Court of Appeals panel ruled Oct. 21 in a per curiam opinion (William A. Curry, et al. v. TD Ameritrade Inc., et al., No. 16-12041, 11th Cir.; 2016 U.S. App. LEXIS 18996)....