FINRA Is Open

2021070230801 TD Ameritrade Clearing, Inc. CRD 5633 and TD Ameritrade, Inc. CRD 7870 AWC lp (2025-1761524413972).pdf

From about January 2007 to May 2024, TD Ameritrade Clearing and TD Ameritrade failed to report or timely report millions of transactions to the FINRA/Nasdaq Trade Reporting Facility (FNTRF), the Over-the-Counter Reporting Facility (ORF) and predecessor reporting facilities. Thus, TD Ameritrade Clearing and TD Ameritrade violated FINRA Rules 6380A, 6622, and 2010 and predecessor NASD Rules. Additionally, from July 2020 to November 2022, TD Ameritrade failed to report positions to the LOPR in violation of FINRA Rules 2360(b)(5) and 2010.

Andrew McElduff

Andrew McElduff is a Vice President in Member Supervision, and the Head of FINRA’s Membership Application Program (MAP) and the Deputy Head of FINRA’s Risk Monitoring Program. 

FINRA's MAP Group serves as the entry point to the securities industry by ensuring that prospective and current members meet FINRA’s Standards for Admission. MAP evaluates the planned business activities—including financial, operational, supervisory, and compliance systems—for prospective member firms and material business changes for current member firms. 

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