TD Bank Faces Regulatory Orders and Penalties
Ticker: TDBCP · Form: 6-K · Filed: Oct 11, 2024 · CIK: 947263
| Field | Detail |
|---|---|
| Company | Toronto Dominion Bank (TDBCP) |
| Form Type | 6-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-action, consent-order, civil-penalty
Related Tickers: TD
TL;DR
TD Bank hit with OCC/Fed consent orders and civil penalty on Oct 10th.
AI Summary
The Toronto-Dominion Bank filed a Form 6-K on October 11, 2024, reporting consent orders and a cease and desist order with a civil money penalty, all dated October 10, 2024, issued by the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System. The bank also indicated it files annual reports under Form 40-F.
Why It Matters
This filing indicates regulatory scrutiny and potential financial penalties for The Toronto-Dominion Bank, which could impact its operations and investor confidence.
Risk Assessment
Risk Level: medium — The issuance of consent orders and a civil money penalty suggests regulatory issues that could lead to fines or operational changes.
Key Players & Entities
- TORONTO DOMINION BANK (company) — Filer
- Office of the Comptroller of the Currency (company) — Issuing regulatory body
- Board of Governors of the Federal Reserve System (company) — Issuing regulatory body
- October 10, 2024 (date) — Date of regulatory orders
- October 11, 2024 (date) — Filing date
FAQ
What specific regulatory actions were taken against The Toronto-Dominion Bank on October 10, 2024?
The Toronto-Dominion Bank was subject to a Consent Order issued by the Office of the Comptroller of the Currency and an Order to Cease and Desist and Order of Assessment of a Civil Money Penalty Issued Upon Consent by the Board of Governors of the Federal Reserve System.
Which regulatory bodies issued the orders against TD Bank?
The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System issued the orders.
What is the filing date of this Form 6-K report?
This Form 6-K report was filed on October 11, 2024.
Does The Toronto-Dominion Bank file annual reports under Form 20-F or Form 40-F?
The Toronto-Dominion Bank indicated that it files annual reports under Form 40-F.
What is the SIC code for The Toronto-Dominion Bank?
The Standard Industrial Classification (SIC) code for The Toronto-Dominion Bank is 6029, which corresponds to COMMERCIAL BANKS, NEC.
Filing Stats: 302 words · 1 min read · ~1 pages · Grade level 14.1 · Accepted 2024-10-11 14:00:57
Filing Documents
- d832799d6k.htm (6-K) — 12KB
- d832799dex991.htm (EX-99.1) — 177KB
- d832799dex992.htm (EX-99.2) — 50KB
- d832799dex993.htm (EX-99.3) — 49KB
- d832799dex994.htm (EX-99.4) — 381KB
- d832799dex995.htm (EX-99.5) — 126KB
- d832799dex996.htm (EX-99.6) — 111KB
- g832799dsp1.jpg (GRAPHIC) — 1KB
- g832799snap116.jpg (GRAPHIC) — 74KB
- 0001193125-24-236631.txt ( ) — 1010KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. THE TORONTO-DOMINION BANK DATE: October 11, 2024 By: /s/ Caroline Cook Name: Caroline Cook Title: Associate Vice President, Legal Treasury and Corporate Securities