#United States #Newark #TD Securities #U.S. Treasury #Victim Compensation

Important Information for U.S. Treasury Note Holders

If you purchased specific U.S. Treasury notes or bonds between April 3, 2018, and May 10, 2019, you could be eligible for compensation due to unlawful trading practices. On September 29, 2024, TD Securities (USA) LLC entered into a deferred prosecution agreement (DPA) with the Department of Justice. This agreement aimed to address the criminal charges linked to fraudulent activities in the secondary market for U.S. Treasuries.

Overview of the Case

The legal proceedings, identified as United States v. TD Securities (USA) LLC, were prompted by allegations of spoofing and layering in the trading of U.S. Treasuries. The DPA revealed that between April 2018 to May 2019, TD engaged in actions that misrepresented market supply and demand. This manipulation involved products like five-year notes, ten-year notes, and 30-year bonds, leading to artificially inflated or deflated prices to benefit the firm at the expense of genuine market participants.

Compensation Process for Victims

TD has agreed to allocate approximately $4.7 million to compensate identified victims. The compensation process is regulated by the terms outlined in the DPA and monitored by the Fraud Section of the DOJ. It is essential to note that participation in this process does not require any payment from victims. Beware of misleading solicitations from other entities that claim to manage the compensation process.

Steps to File for Compensation

To receive potential compensation, victims must submit a petition, including necessary documentation, by January 29, 2026. Applications can be filed online at www.TDVictimCompensation.com, via email, or through traditional mail to the designated address. Ensure that all parts of the petition are completed to avoid exclusion from the compensation group.

Seek Further Information

For more comprehensive details about the victim compensation process, visit the official website or contact the toll-free number provided: 1-888-890-0947. The Court docket related to this case can be accessed for a small fee through the PACER system or by visiting the District Court for the District of New Jersey during operating hours.

Important Reminder

Do not contact the court or its clerks regarding questions about this notification or the compensation process. It’s crucial to ensure your eligibility by acting promptly, and you can find all the necessary information through the official channels specified.

In summary, anyone who engaged in transactions involving these U.S. Treasury products during the aforementioned period should thoroughly investigate their eligibility for compensation and follow the outlined steps to secure any due restitution.