RE:RE:TD downgrades EGL.UN . Hmmm. Many years ago, I had a TD Discount brokerage account. On one occasion, they “downgraded” one of my holdings by reducing the amount of money they would lend on the security. As I recall, this “downgrade” did not occur at another broker with whom I was dealing at the time.
There was an immediate decline in the price of the stock.
The net effect of the alteration in policy – for me – was that I had to reduce my holdings, and, not unnaturally, chose the “downgraded” security.
Later when I repurchased the security – at a somewhat higher price – guess who sold the shares to me – TD!
It seems that there is an inherent conflict of interest when the big banks are able to influence investor sentiment, while continuing to trade securities in the market they are influencing.
Thus I think your view of TD is somewhat naive.
More generally, my somewhat cynical observation is: Banks are not exempt from the general rule: where money is concerned, expect piracy before probity.