Did Ameritrade's MMF Break The Buck?

Discussion in 'Retail Brokers' started by Trader5287, Oct 1, 2008.

  1. That's certainly what this 9/30/08 Marketwatch story suggests -


    "Officials at Allianz and TD Ameritrade did not return telephone calls seeking comment."

    "And some support actions to save a fund's share price may only have been mentioned on the SEC's Web site, in a regulatory filing or a footnote in the funds' annual and semi-annual reports released months later, Crane said. This maintained the notion that money markets were safe investments."

    "The only way you'd tell [there had been a problem] is that you'd hear a giant sucking sound of assets leaving the fund," Crane added.