NOTICE from the Securities Arbitration Law Firm Dimond Kaplan & Rothstein, P.A. to TD Ameritrade Customers with Options Trading Losses with Sheaff Brock Investment Advisors, LLC

/EIN News/ — LOS ANGELES, Jan. 30, 2018 (GLOBE NEWSWIRE) — The securities arbitration law firm Dimond Kaplan & Rothstein, P.A. (“DKR”) ( alerts current and former TD Ameritrade customers of a January 19, 2018 securities class action lawsuit filed against TD Ameritrade under case number 1:18-cv-00419 in the United States District Court for the Northern District of Illinois. The case involves naked put options investment losses that TD Ameritrade customers suffered. The TD Ameritrade customers used the investment advisory services of Sheaff Brock Investment Advisor, LLC through TD Ameritrade’s AdvisorDirect program and suffered losses in a risky put income options strategy.

Investors Should Consider Filing an Individual FINRA Arbitration Claim
Investors should consider whether to participate in the class action or file an individual FINRA securities arbitration claim. DKR reminds current and former TD Ameritrade customers that investors in securities class action lawsuits often recover only nominal amounts, whereas investors who lost more than $100,000 may benefit more by filing their own case as an individual FINRA securities arbitration claim. Individual FINRA arbitration cases are handled as private proceedings, rather than through the public court system. Such cases must be brought timely or you may be prohibited from pursuing your claims.

TD Ameritrade AdvisorDirect Program
TD Ameritrade introduces customers to third-party investment advisors through its AdvisorDirect program. If a customer enters the program, TD Ameritrade receives a solicitation fee and 25% of the investment advisor’s ongoing investment management fee. TD Ameritrade also collects commissions for all trades that the investment advisor makes in the customer’s TD Ameritrade account. These revenue streams incentivize TD Ameritrade to recommend its AdvisorDirect program to customers.

Many options strategies, including the put income options strategy that is the subject of the class action, are extremely risky and are suitable only for investors who are willing to speculate with their money. The strategy involved selling naked puts, which is among the riskiest forms of options trading. Notwithstanding the risk, Sheaff Brock and TD Ameritrade appear to have represented that the put income strategy was conservative.

TD Ameritrade offices, including those located in Beverly Hills, CA, Chicago, IL, Salt Lake City, UT, Fort Worth, TX, Harrisburg, PA, and Vicksburg, MS are believed to have recommended that customers invest in risky options through investment advisor Sheaff Brock.  FINRA rules required the recommendations to be suitable for the individual customers.  But many TD Ameritrade customers have complained that the recommended options strategies involved far more risk than the customers were willing to take.

Dimond Kaplan & Rothstein Represents TD Ameritrade Customers 
Dimond Kaplan & Rothstein currently represents TD Ameritrade customers who suffered options investment losses with Sheaff Brock. DKR’s clients used Sheaff Brock’s investment advisory services through TD Ameritrade’s AdvisorDirect program at TD Ameritrade’s recommendation.

Contact Our Investment Fraud Lawyers
Dimond Kaplan & Rothstein, P.A. is a nationally recognized stockbroker negligence and investment fraud law firm that has recovered more than $100 million from banks and brokerage firms for their wrongful actions. With offices in Los Angeles, Miami, New York, West Palm Beach, and Bloomfield Hills, MI, our investment fraud attorneys represent clients nationwide and may be able to help you recover your investment losses.

If you are or were a TD Ameritrade customer and you suffered options investment losses of more than $100,000 with investment advisor Sheaff Brock, contact a Dimond Kaplan & Rothstein investment fraud lawyer for a free case evaluation at (888) 578-6255 or You may have a valid FINRA arbitration claim to recover your TD Ameritrade options losses. You also can visit Dimond Kaplan & Rothstein, P.A. on the web at

Jeffrey B. Kaplan, Esq.
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
* Offices in Los Angeles, Miami, New York, West Palm Beach, and Bloomfield Hills, MI
(888) 578-6255                                              


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