2 ms·
> There are also 'HISA ETFs' like CASH.TO FYI, I tried to buy this in my TD Direct Investing Account and it wouldn’t let me. I called in and found out TD had b
by voisin 3y ago
> There are also 'HISA ETFs' like CASH.TO
FYI, I tried to buy this in my TD Direct Investing Account and it wouldn’t let me. I called in and found out TD had blocked trading for any clients in CASH and there was another similar ETF, the #1 and #2 most liquid high interest savings ETFs around. I was told that to trade in these I had to open up a managed account (and pay fees to TD, negating part of the benefit of these ETFs).
I thought this seemed highly unethical and inappropriate and so I contacted a variety of regulators (even trying to find which regulator had oversight of this was a major pain!) only to be told that there is no requirement for investing platforms to be neutral conduits to the markets and that they have full authority to block trading to help their other competing businesses.
Canada: where corrupt self dealing by the oligopolies is the name of the game.
/endrant