Wednesday, January 2, 2008

TD Bank Can Bolster Its Money Market Fund, SEC Says

Bloomberg, Jesse Westbrook, 2 January 2008A Toronto Dominion Bank unit, trying to prevent investor losses, received regulators' approval to buy $300 million in mortgage-linked securities out of one its money market funds.The U.S. Securities and Exchange Commission won't object if Toronto Dominion's TD Asset Management USA Inc. purchases ``trust certificates'' held by the fund, the SEC said in a

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