Toronto-Dominion Bank T.TD.PF.J

Canadian banks are solid

[ecolo101]

We stand on different set of rules compared with US banks.
It is not my first rodeo with TD. As the second largest Canadian Bank this situation will be corrected quickly. Accountability should apply to CEO and a few top VP for not watching this situation but besides this , normal activities should resume and prevail.
i own this stock and proud of Canadian banking.

definitely not happy with this type of disaster and not encouraging any of this stupid way of doing business, but at the end I am still a believer that the bank will do its mea culpa and will up turn around and reassure investors.

dyodd
glta

[FiddyFiddyShot]

Correct me if I'm wrong, but wouldn't Canadian banks operating in the States be subject to American rulesas well as Canadian ?   If so, won't TD's American operations be at the mercy of US regulators AS WELL AS Canadian regulators ?

[HoneyBadger77]

It would seem so yes FiddyFiddyShot.  And note (at the end) that RBC and CIBC were also whacked for $9 million CAD in 2023 for what seems to be a similar situation yet I don't recall investor panick mode like we're seeing with TD.  Interesting how CAD regulators impose a fine of $9 million CAD while US regulators penalties could be around $453 million US. And from what I can

[HoneyBadger77]

Absolutely agree with you ecolo101. Does anybody think that an organization the size of TD is somehow immuned to be infiltrated by a criminal organization.  Some posters here are implying that this is inconceiveable as to how this could even happen.  Well, criminal organizations have been infiltrating business institutions for melenia and some are so good at it they can operate under