NEW YORK, NY - (NewMediaWire) - October 12, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against The Toronto-Dominion Bank (“TD Bank” or the “Company”) (NYSE: TD).

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If you are an investor in TD Bank and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On October 10, 2024, TD Bank agreed to pay fines totaling about $3 billion from a number of U.S. regulators after pleading guilty to multiple charges related to systemic failures in its anti-money laundering program.  According to an October 10, 2024 article published in The Wall Street Journal entitled “TD Faces $3 Billion Penalty, Curbs on Growth,” TD bank “failed to properly monitor money laundering by drug cartels” and an investigation was opened into TD’s internal controls after “agents discovered a Chinese criminal operation had laundered millions of dollars in fentanyl sales through TD branches in New York and New Jersey and bribed bank employees.”

The Attorney General for United States, Merrick Garland, reportedly said in a press conference that “TD bank created an environment that allowed financial crime to flourish.”  The Attorney General stated that “By making its services convenient for criminals, it became one.”

On this news, the price of TD Bank stock fell $4.07 per share, or 6.4%, to close at $59.44 per share on October 10, 2024.

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If you have any questions about this investigation, please contact: 

CONTACT:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com