SC 13D/A
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
TD Ameritrade Holding Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
Christopher A. Montague, Esq.
The Toronto-Dominion Bank
Toronto-Dominion Centre
P.O. Box 1
Toronto, Ontario M5K IA2
(416) 982-8222
Copy to:
Lee Meyerson, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, NY 10017
(212) 455-2000
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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CUSIP No. |
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87236Y 10 8 |
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Page |
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2 |
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of |
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11 |
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1 |
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NAMES OF REPORTING PERSONS:
The Toronto-Dominion Bank |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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13-5640479 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Canada
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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203,457,150* |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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23,941 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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203,481,091 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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203,481,091 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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33.7*% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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BK |
* As described in the statement on Schedule 13D
filed jointly by The Toronto-Dominion Bank and TD Discount Brokerage
Holdings LLC on January 25, 2006 (the Original Statement),
based on the provisions relating to voting agreements and (except with respect to the Ricketts Grandchildren Trust) the grant of
proxies contained in the Stockholders Agreement, the TD Entities may be deemed to share voting power over the shares beneficially
owned by the Ricketts Parties. Based on information set forth in Amendment No. 1 to the statement on Schedule 13D filed by the
Ricketts Parties (the Ricketts Statement), as of February 22, 2006, the Ricketts Parties beneficially owned, in the aggregate,
111,274,650 shares of Issuer Common Stock (as defined herein), representing approximately 18.4% of the outstanding shares of Issuer
Common Stock. The TD Entities disclaim beneficial ownership of all shares held by the Ricketts Parties. The number of shares reported as
held by the TD Entities does not include shares held by the Ricketts Parties. However, as described in Item 6 of the Original Statement,
the TD Entities and the Ricketts Parties acknowledge that they
constitute a group, for purposes of Section 13(d) of the Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated
thereunder (the Exchange Act), with respect to TD Ameritrade.
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CUSIP No. |
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87236Y 10 8 |
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Page |
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3 |
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of |
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11 |
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1 |
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NAMES OF REPORTING PERSONS:
TD Discount Brokerage Holdings LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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20-4135150 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO,WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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196,300,000* |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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196,300,000* |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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196,300,000* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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32.5* |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
* As described in the Original Statement,
based on the provisions relating to voting agreements and (except with respect to the Ricketts Grandchildren Trust) the
grant of proxies contained in the Stockholders Agreement, the TD Entities may be deemed to share voting power over the
shares beneficially owned by the Ricketts Parties. Based on information set forth in the Ricketts Statement, as of
February 22, 2006, the Ricketts Parties beneficially owned, in the aggregate, 111,274,650 shares of Issuer Common
Stock, representing approximately 18.4% of the outstanding shares of Issuer Common Stock. The TD Entities disclaim
beneficial ownership of all shares held by the Ricketts Parties. The number of shares reported as held by the TD Entities
does not include shares held by the Ricketts Parties. However, as described in Item 6 of the Original Statement, the
TD Entities and the Ricketts Parties acknowledge that they constitute
a group, for purposes of
Section 13(d) of the Exchange Act, with respect to TD Ameritrade.
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CUSIP No. |
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87236Y 10 8 |
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Page |
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4 |
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of |
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11 |
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1 |
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NAMES OF REPORTING PERSONS:
TD Discount Brokerage Acquisition LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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20-4163355 |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF,WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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7,150,000* |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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7,150,000* |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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7,150,000* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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1.2* |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
* As described in the Original Statement, based on the
provisions relating to voting agreements and (except with respect to the Ricketts Grandchildren Trust) the grant of
proxies contained in the Stockholders Agreement, the TD Entities may be deemed to share voting power over the shares
beneficially owned by the Ricketts Parties. Based on information set forth in the Ricketts Statement, as of
February 22, 2006, the Ricketts Parties beneficially
owned, in the aggregate, 111,274,650 shares of Issuer Common Stock, representing approximately 18.4% of the outstanding
shares of Issuer Common Stock. The TD Entities disclaim beneficial ownership of all shares held by the Ricketts Parties.
The number of shares reported as held by the TD Entities does not include shares held by the Ricketts Parties.
However, as described in Item 6 of the Original Statement, the TD Entities and the Ricketts Parties acknowledge that they
constitute a group, for purposes of Section 13(d) of the Exchange Act, with respect to TD Ameritrade.
This Amendment No. 2 hereby amends and supplements the statement of beneficial ownership
on Schedule 13D, relating to the common stock, $0.01 par value per share (the Issuer Common
Stock), of TD AMERITRADE Holding Corporation, a Delaware corporation (the Issuer), initially
filed on January 25, 2006, as amended by Amendment No. 1 thereto filed on February 24, 2006 (as
amended, and as it may be further amended from time to time, this Statement), by The
Toronto-Dominion Bank (TD) and TD Discount Brokerage Holding LLC, with respect to the items set
forth below. Unless otherwise indicated herein, capitalized terms used and not defined in the
Amendment No. 2 shall have the respective meanings herein as are ascribed to such terms in the
Statement.
Item 2. Identity and Background
Item 2 of the Statement is hereby amended and restated in its entirety (other than with
respect to Schedule I to the Statement, which is amended and supplemented as provided for in this
Amendment No. 2) as follows:
This statement is being filed by The Toronto-Dominion Bank, a Canadian chartered bank (TD),
TD Discount Brokerage Holdings LLC, a Delaware limited liability company and a wholly owned
subsidiary of TD (TDDBH) and TD Discount Brokerage Acquisition LLC, a Delaware limited liability
company and a wholly-owned subsidiary of TD (TDDBA and together with TD and TDDBH, the TD
Entities). TD and its subsidiaries are principally engaged in the business of personal, commercial
and wholesale banking and wealth management. The principal executive office of TD is located at
Toronto-Dominion Centre, P.O. Box 1, Toronto, Ontario, Canada M5K IA2 and the principal executive
offices of TDDBH and TDDBA are located at 31 W. 52nd Street, New York, New York 10019.
The name, business address, citizenship and present principal occupation or employment of each
director and executive officer of each of the TD Entities and the name and principal business and
address of any corporation or other organization in which such employment is conducted are set
forth in Schedule I hereto and are incorporated by reference herein.
During the last five years, none of the TD Entities or, to the knowledge of the TD Entities,
any of their respective executive officers or directors named in Schedule I hereto has (i) been
convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii)
been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Statement is hereby amended and supplemented by the following:
The
purchases made by TDDBA described in Item 5 below were made
pursuant to the Amendment and effected through open market purchases pursuant to a stock purchase
plan meeting the requirements of Rule 10b5-1(c)(1) under the Exchange Act (the Plan).
The total consideration paid by TDDBA in connection with the purchase of the 7,150,000 shares
of Issuer Common Stock acquired by it through April 12, 2006 under the Plan as further described in
Item 5 below was approximately $150.5 million, all of which was provided to TDDBA through capital
contributions from TD through TDs cash on hand.
The purchases made by TD Waterhouse Canada Inc. (TDWC), an institutional investment manager
and a wholly-owned subsidiary of TD, described in Item 5 below
were made by TDWC, for the accounts of its
clients, in the ordinary course of TDWCs investment management business. The total consideration paid
by TDWC in connection with the purchase of the shares of Issuer Common Stock set forth in the table
below was approximately $284,000. All of the funds required for such purchases were provided from
the relevant client accounts.
Item 5. Interest in Securities of the Issuer
Item 5 of the Statement is hereby amended and supplemented by the following:
(a) and (b). As of April 12, 2006, TDDBA and TDDBH were the record and beneficial owners of
7,150,000 shares and 196,300,000 shares of Issuer Common Stock, respectively, representing
approximately 1.2% and 32.5%, respectively, of the outstanding shares of Issuer Common Stock. TD,
as the sole member of each of TDDBH and TDDBA, controls TDDBH and TDDBA and accordingly
beneficially owns the shares of Issuer Common Stock held by each entity. Including such shares held
by TDDBH and TDDBA and the shares beneficially owned by TDWC, as
described below, as of April 12, 2006, TD was the beneficial
owner of 203,481,091 shares of
Issuer Common Stock, representing approximately 33.7% of the outstanding Issuer Common Stock. As
previously disclosed in Amendment No. 1 to the Statement, of the
203,481,091 shares of Issuer
Common Stock beneficially owned by TD as of April 12, 2006, 7,150 shares are owned by
certain clients of TD Asset Management Inc. (TDAM), an institutional investment manager and
wholly-owned subsidiary of TD, and mutual funds advised by TDAM, all in the ordinary course of its
investment management business, with respect to which TDAM holds sole voting and dispositive power
(such shares, the TDAM Shares). In
addition, 23,941 of such shares are owned by certain clients of, and managed by,
TDWC, in the ordinary course of TDWCs investment management business (such shares, together with
the TDAM Shares, the Ordinary Course Shares). TDWC holds sole dispositive power and shared
voting power (together with the respective client) with respect to
such shares. The Ordinary Course Shares are not subject to the provisions of, or included in the calculation of
TDs ownership limit under, the Stockholders Agreement.
As of April 12, 2006, to the knowledge of the TD Entities, none of the individuals listed on
Schedule I beneficially owns any shares of Issuer Common Stock.
(c) Except for (1) purchases by TDDBA; (2) purchases by TDWC on behalf of its clients as
described herein and (3) sales by TD and one of its subsidiaries, in each case as described below,
none of the TD Entities nor, to the best of the TD Entities knowledge, any of the individuals
named in Schedule I hereto, has engaged in any transaction in shares of Issuer Common Stock since
the TD Entities most recent filing on Schedule 13D on February 24, 2006. Since the date of such
filing, TD and its subsidiaries have made the following acquisitions and sales of Issuer Common
Stock:
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TDDBA acquired, pursuant to the Plan, the following shares of Issuer Common Stock: |
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Date of Purchase |
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Number of |
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Average Price Per |
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Shares |
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Share |
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Purchased |
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2/27/06 |
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200,000 |
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$21.16 |
2/28/06 |
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200,000 |
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21.39 |
3/1/06 |
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200,000 |
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21.85 |
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Date of Purchase |
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Number of |
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Average Price Per |
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Shares |
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Share |
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Purchased |
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3/2/06 |
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200,000 |
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22.31 |
3/3/06 |
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200,000 |
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22.88 |
3/6/06 |
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200,000 |
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22.75 |
3/7/06 |
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200,000 |
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21.74 |
3/8/06 |
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200,000 |
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21.14 |
3/9/06 |
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200,000 |
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20.85 |
3/10/06 |
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200,000 |
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20.94 |
3/13/06 |
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200,000 |
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20.88 |
3/14/06 |
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200,000 |
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20.92 |
3/15/06 |
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200,000 |
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21.16 |
3/16/06 |
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200,000 |
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21.40 |
3/17/06 |
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200,000 |
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21.47 |
3/20/06 |
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200,000 |
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21.53 |
3/21/06 |
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200,000 |
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21.03 |
3/22/06 |
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200,000 |
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20.31 |
3/23/06 |
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200,000 |
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20.25 |
3/24/06 |
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200,000 |
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20.33 |
3/27/06 |
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200,000 |
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20.01 |
3/28/06 |
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750,000 |
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19.43 |
3/29/06 |
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200,000 |
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21.25 |
3/30/06 |
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200,000 |
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21.13 |
3/31/06 |
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200,000 |
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20.95 |
4/3/06 |
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200,000 |
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21.44 |
4/4/06 |
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200,000 |
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21.54 |
4/5/06 |
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200,000 |
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21.48 |
4/6/06 |
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200,000 |
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21.25 |
4/7/06 |
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200,000 |
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21.24 |
4/10/06 |
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200,000 |
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21.18 |
4/11/06 |
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200,000 |
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20.73 |
4/12/06 |
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200,000 |
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20.45 |
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In the ordinary course of TDWC's investment management business, TDWC acquired the
following shares of Issuer Common Stock for client accounts: |
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Number of |
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Shares |
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Date of Purchase |
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Purchased |
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Price Per Share |
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2/24/06 |
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10,950 |
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$20.18 |
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3/17/06 |
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400 |
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21.60 |
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4/12/06 |
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2,671 |
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20.43 |
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On March 6, 2006, TD and Toronto Dominion Investments, Inc., a wholly-owned
subsidiary of TD, each sold 100 shares of Issuer Common Stock in open market transactions
at a price of $22.85 per share. These were matchable transactions
under Section 16(b) of the Exchange Act as disclosed in the Statement of Changes in Beneficial
Ownership on Form 4 filed by TD with the SEC on March 23,
2006. |
Item 6. Contracts, Arrangements or Understandings with Respect to Securities of the Issuer
Item 6 of the Statement is hereby amended and supplemented by the following:
Consistent
with its previously disclosed intent, on February 24, 2006, TD and TDDBA entered into the Plan with their broker, Goldman, Sachs &
Co. to purchase up to 15,000,000 shares of Issuer Common Stock during the period from February 27,
2006 to August 22, 2006, subject to certain limitations under Rule 10b-18 of the Exchange Act. The
Plan provides that the maximum daily number of shares of Issuer Common Stock to be purchased under
the Plan will vary based upon the weighted average price per share of the Issuer Common Stock on a
particular trading day.
Item 7. Material to be Filed as Exhibits
Item 7 of the Statement is hereby amended by deleting Exhibit 6 listed therein and replacing
it with the following:
Exhibit 6.
Amended and Restated Joint Filing Agreement, dated April 11, 2006, among The
Toronto-Dominion Bank, TD Discount Brokerage Holdings LLC and TD Discount Brokerage Acquisition
LLC.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
THE TORONTO-DOMINION BANK
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By: |
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/s/ Christopher A. Montague |
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Name:
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Christopher A. Montague |
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Title:
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Executive Vice President and General Counsel |
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TD DISCOUNT BROKERAGE HOLDINGS LLC
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By: |
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/s/ Frank Tripodi |
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Name:
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Frank Tripodi |
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Title:
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President and Treasurer |
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TD DISCOUNT BROKERAGE ACQUISITION LLC
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By: |
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/s/ Frank Tripodi |
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Name:
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Frank Tripodi |
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Title:
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President and Treasurer |
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Dated:
April 12, 2006
SCHEDULE I
INFORMATION RELATING TO THE DIRECTORS AND EXECUTIVE OFFICERS OF THE
TD ENTITIES
Schedule I to the Statement is hereby (i) amended by deleting the reference to Andrea Rosen,
who retired from TD Bank and Marshall A. Cohen, who did not stand for reelection to TD Bank board
of directors and (ii) amended and supplemented by the following:
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Name |
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Present Principal Occupation or Employment and |
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Address |
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TD DISCOUNT
BROKERAGE HOLDINGS LLC |
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DIRECTORS |
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Brendan OHalloran
(United States and
Canadian citizen)
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Vice Chair, Regional Head, TD Securities (USA) LLC
31 W. 52nd Street
New York, NY 10019 |
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Debora Gravinese
(United States citizen)
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Managing Director Group Head Credit Management USA Region
TD Securities (USA) LLC
31 W. 52nd Street
New York, NY 10019 |
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TD DISCOUNT BROKERAGE ACQUISITION LLC |
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DIRECTORS |
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Brendan OHalloran
(United States and
Canadian citizen)
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(for principal occupation and business address, see above) |
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Debora Gravinese
(United States citizen)
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(for principal occupation and business address, see above) |
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Frank Tripodi
(United States citizen)
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Chief Financial Officer and Managing Director, Finance
& Operations
TD Securities (USA) LLC
31 W. 52nd Street
New York, NY 10019 |