You could eligible to claim a part of a huge TD settlement if you have a mutual fund with them.
There aren’t many days left to claim your share, though. It’s recommended that you check your eligibility quickly and then submit that claim form fast.
TD SETTLEMENT
The class-action settlement was approved in March by the Ontario Superior Court of Justice. TD Asset Management Inc. is alleged to have made improper payments of trailing commissions. This resulted in “diminished returns on… mutual fund units.”
The settlement totals $8.5 million.
ELIGIBILITY
The law firm notes that “class members who still own units of a TD Mutual Fund are not required to submit a claim for compensation.” The defendant will be directed to “deposit a portion of the Net Settlement Amount into each TD Mutual Fund trust.”
If you no longer hold a mutual fund with TD but formerly did on or prior to September 11, 2024, then you can submit a claim to receive your compensation. The deadline for this is August 28, 2025.
It is important to note that the law firm states that “this Settlement is not for persons who held units of a TD Mutual Fund through a discount broker.” There is an entirely separate settlement for this case, which totals $70.25 million. The deadline for this is December 20, 2025.
To guarantee you get your compensation from this TD settlement, be sure to submit your claim before the window to do so closes.
