Reserve Yield Plus Fund TD Ameritrade
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- Investigating Funds sold by TD Ameritrade
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- Reserve Yield Plus Fund (RYPQX)
Overview
TD Ameritrade Customers Cry Foul Over Reserve Yield Plus Fund
In September, investors who had been sold the Reserve Yield Plus Fund (RYPQX) learned they could not access their money. Although the fund had been marketed by TD Ameritrade and other brokerage firms as a conservative, safe-as-cash investment, similar to a money market fund, the RYPQX fund is technically a short term bond fund.
News Commentary
Unable To Access Reserve Yield Plus Fund Accounts, Investors Demand Answers From TD Ameritrade
“Misrepresentation” of financial products by Wall Street investment firms and brokerages has become the new buzzword in 2008. The latest company to come under fire is TD Ameritrade for its marketing of an ultra short-term bond fund called the Reserve Yield Plus Fund.