TD Ameritrade Allegedly Implemented the Risky Put Options Strategy of Sheaff Brock Investment Advisors, LLC through Ameritrade’s AdvisorDirect Program; TD Ameritrade Customers Allegedly Suffered Significant Losses in the Purportedly Risky Put Income Options Strategy

Have you or a loved one invested with Sheaff Brock Investment Advisors, LLC via Ameritrade’s AdvisorDirect Program?

TD Amertrade allegedly implemented the risky put options strategy of Sheaff Brock Investment Advisors, LLC through Ameritrade’s AdvisorDirect Program, according to a class action complaint filed against TD Ameritrade in the United States District Court for the Northern District of Illinois under review by attorney Alan Rosca.

Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating TD Ameritrade’s alleged implementation of the purportedly risky put options strategy of Sheaff Brock Investment Advisors, LLC and would like to talk to investors with losses in excess of $100,000.

Investors who believe they may have lost money in activity related to TD Ameritrade’s alleged implementation of the purportedly risky put options strategy of Sheaff Brock Investment Advisors, LLC through Ameritrade’s AdvisorDirect Program are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

After plaintiffs in the class purportedly agreed to take part in the “put options income” trading strategy, Sheaff Brock would allegedly execute their trading strategy using TD Ameritrade’s platform, the Complaint states.

TD Ameritrade held and obligation to monitor the trades in order to ensure they were consistent with the parties’ relationship, the Complaint reports. TD Ameritrade, through its AdvisorDirect program, allegedly introduces big net-worth customers to third-party investment advisors such as Sheaff Brock, the Complaint notes.

The Put Options Income Trading Strategy Allegedly Executed by Sheaff Brock and Monitored by TD Ameritrade was Purportedly Aggressive, High risk, and Involved “In-the-Money” Put Options; Investors Were Allegedly Told that the “Puts Options Income” Strategy was Conservative, Low Risk and Involved “Out-of-the-Money” Put Options

Defendants TD Ameritrade and Sheaff Brock allegedly stated that the aforementioned “put options income” strategy was conservative, low risk, and involved investing in “out of the money puts on high quality equities”, according to the aforementioned class action complaint under review by attorney Alan Rosca.

However, the “put options income” trading strategy that Sheaff Brock allegedly executed and TD Ameritrade monitored, was allegedly aggressive, high risk, and often involved “in-the-money” put options, the Complaint states.

Finally, not only was said trading strategy different and much riskier than the agreed upon strategy, it was also allegedly produced significant losses, the Complaint reports.

Securities Lawyers Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating TD Ameritrade’s alleged implementation of the risky put options strategy of Sheaff Brock Investment Advisor. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of TD Ameritrade’s alleged real estate implementation of the risky put options strategy may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530 or via e-mail at arosca@roscalaw.com, or through the contact form on this webpage.

filed under: Investigations

Tags: , , , , ,

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.