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TD Ameritrade Acquiring Schwab Nightmare
- atypicality 7y agoI just hope they keep the ThinkOrSwim product alive. It's been a great platform for trading automation and development.
- silexia 7y agoI wouldn't count on it.
- gregjor 7y agoYou got it backwards. Schwab will acquire TD Ameritrade. https://www.npr.org/2019/11/25/782632545/charles-schwab-to-buy-td-ameritrade-creating-brokerage-behemoth https://www.npr.org/2019/11/25/782632545/charles-schwab-to-b...
- silexia 7y agoGood point! I just updated my post. I am much happier with Schwab than TD Ameritrade, but I still don't like acquisitions that harm consumers by reducing competition and choice.
- harikb 7y agoI hope Schwab will replace TD Ameritrade's junk backend systems. I had major problems with TD Ameritrade where the email addresses ( I used to run a disposable email service, so I am paranoid about these things ) would immediately end up with spammers. The only logical explanation was that they had a live leak of their PII data, almost continuous leak. In contrast, I have actually spoken to some Schwab security folks (random in-flight chat) and they seem to know what they doing - at least to the level you can expect from a bank. If the reverse happens, I would be forced to move my money from Schwab to elsewhere. IMHO, only other company with a decent security is Vanguard.