If you purchased certain U.S. Treasury notes or bonds from April 3, 2018 through May 10, 2019, you may be entitled to receive compensation

NEWARK, N.J., Oct. 1, 2025 /PRNewswire/ --

This is not a solicitation from a lawyer.

On September 29, 2024, TD Securities (USA) LLC ("TD") entered into a deferred prosecution agreement (DPA) with the United States, Department of Justice, Criminal Division, Fraud Section (the "Fraud Section") to resolve criminal charges concerning a scheme to defraud involving hundreds of episodes of unlawful trading in the secondary (cash) market for U.S. Treasuries. The United States is initiating a victim compensation process to return funds to eligible victims of frauds allegedly perpetrated by TD.

The purpose of this notice is to provide information about this victim compensation process. Your legal rights may be affected whether you act or do not act. Please read this notice carefully.

What is this Case About?

The legal claims arise out of United States v. TD Securities (USA) LLC; Criminal Case Number 24-CR-623; (District of New Jersey).  Pursuant to the DPA, TD admitted to knowing acts of spoofing and layering, between April 3, 2018 and May 14, 2019, for U.S. Treasuries Products including five-year U.S. Treasury notes, ten-year U.S. Treasury notes, and 30-year U.S. Treasury bonds. At times during the spoofing and layering scheme, TD provided a false impression of supply and demand to other market participants trading U.S. Treasuries Products. In this way, TD allegedly manipulated and artificially increased or decreased the market prices of U.S. Treasuries Products with the intent to benefit itself. A charge is merely an accusation and all defendant(s) are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

What is the Victim Compensation Process?

TD agreed to pay the amount of $4,707,332 in order to compensate victims for their losses. The victim compensation process is governed by the DPA and overseen by the Fraud Section. Please beware of other websites, entities, or communications you may receive claiming to administer the victim compensation process, remission payments, or any other kind of refund. Victims are never required to pay to take part in any Department of Justice Victim Compensation process, including this one.

You must complete a Petition form and include the required documentation by January 29, 2026. Failure to return a complete form may result in your exclusion from the distribution group. You may file your petition online at www.TDVictimCompensation.com, email it to [email protected] or mail it to USA v. TD Securities (USA) LLC, c/o Epiq PO Box, 2691 Portland, OR 97208-2691.

This notice is only a summary. You can find more details about the Victim Compensation process at www.TDVictimCompensation.com or by calling toll-free 1-888-890-0947.

You may also access the Court docket in this case, for a fee, through the Court's Public Access to Electronic Records (PACER) system at https://ecf.njd.uscourts.gov. To learn about PACER and register for a PACER account, go to https://www.Pacer.gov/.

You can also access and retrieve documents from the Court's docket by visiting the office of the Clerk of the Court for the United States District Court for the District of New Jersey, located at the Martin Luther King Building and U.S. Courthouse, 50 Walnut Street, Newark, NJ 07102, between 9:00 a.m. and 4:00 p.m. ET, Monday through Friday, excluding Court holidays.

PLEASE DO NOT TELEPHONE THE COURT OR THE COURT'S CLERK OFFICE REGARDING THIS NOTICE OR THE VICTIM COMPENSATION PROCESS.

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URL: www.TDVictimCompensation.com

SOURCE United States Department of Justice