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TD Ameritrade to stop serving retail investors from Dec 1

Felicia Tan
Felicia Tan • 2 min read
TD Ameritrade to stop serving retail investors from Dec 1
All non-accredited investor accounts will be charged a monthly maintenance fee of US$50 ($68.50) from Oct 27 onwards
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TD Ameritrade will stop serving retail investors in Singapore from December onwards.

At the close of US markets on Dec 1, non-accredited investor accounts from the brokerage will be restricted. No new trade orders or deposits will be accepted. However, investors may still place liquidating orders to close their positions.

There will also be changes to the capabilities of non-accredited investor accounts from Oct 1. All non-accredited investor accounts will also need to be closed on Dec 31.

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