Core Viewpoint - The Rosen Law Firm is reminding investors who purchased securities of The Toronto-Dominion Bank (TD) during the specified class period of their potential entitlement to compensation due to alleged deficiencies in the bank's anti-money laundering controls [1][4]. Group 1: Class Action Details - The class period for the securities of TD is from March 7, 2022, to October 9, 2024, with a lead plaintiff deadline set for December 23, 2024 [1][2]. - Investors can join the class action without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the specified deadline to serve as lead plaintiff [2]. Group 2: Allegations Against TD - The complaint alleges that TD's anti-money laundering (AML) controls were plagued by "pervasive" and "systemic deficiencies" from January 2014 to October 2023 [4]. - It is claimed that TD prioritized profits over compliance, failing to adequately fund and staff its AML program, which led to the laundering of hundreds of millions of dollars [4]. - As a result of these deficiencies, TD was forced to pay over $3 billion in fines and penalties, and the Office of the Comptroller of the Currency (OCC) imposed an asset cap on TD's U.S. business, hindering its growth [4].
TD DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages The Toronto-Dominion Bank Investors with Losses in Excess of $100K to Secure Counsel Before Important December 23 Deadline in Securities Class Action – TD