Siskinds LLP's Mutual Fund Fees class action lawsuit was mentioned in an article by the Financial Post. The lawsuit concerns trailing commissions paid to discount brokers by investors in mutual funds. It is alleged that these brokers are not permitted to provide investment advice, meaning investors may be receiving no value for the commissions they pay. The class action has resulted in a proposed $70.25 million settlement with TD Asset Management, which covers investors who held units of a TD mutual fund trust through a discount broker on or before September 11, 2024. The settlement is subject to approval by the Ontario Superior Court of Justice.
PRESS RELEASE
16 October 2024
TD Reaches $70M Class-action Settlement On Broker Commissions, Law Firm Says
Siskinds LLP
Contributor
Since 1937, Siskinds has been that firm of specialists serving individuals, families and businesses in southwestern Ontario and Canada from our offices in London, Sarnia and Quebec City. We’ve grown as the world around us has evolved. Today, we are a team of over 230 lawyers and support staff covering personal, business, personal injury and class action law and over 25 specialized practice areas.
Siskinds LLP’s Mutual Fund Fees class action lawsuit was mentioned in an article by the Financial Post. The lawsuit concerns trailing commissions paid to discount brokers by investors in mutual funds.