Thursday, August 2, 2007

TD Waterhouse Within Rights to Meet Margin Calls: Judge

Financial Post, Jonathan Chevreau, 2 August 2007The hazards of using discount brokers to buy stocks on margin are well illustrated in a "landmark" court ruling involving TD Waterhouse.The Ontario Superior Court of Justice has ruled TD was in its rights when it sold out a client's positions in some blue-chip U.S. stocks during the 2002 bear market. The judgement was released July 24 and flagged

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