Is it Worth Getting Involved in Class Action Lawsuit Against TD Ameritrade?

Note: The DearEsq free 'ask a lawyer' site is offered as a free informational service to the public and is not intended as legal advice. Laws vary from state-to-state, and in addition every situation is unique, and relevant facts may not be known. The answer to the question posed below may not apply to in your state or to your situation. For legal advice in your state and your situation you should consult with an attorney in your state who is familiar with the rules and laws in your state.

“Hi! I’m from Guam and my question is about a class action suit against TD Ameritrade (

1.      I was advised by mail about 9 mos ago that I am one of the former TD clients that may have been affected thus may participate in the settlement.

2.      I opted out of the settlement by mail (sent it way before the date it expires) because:

a.       I do not know of any instance that I was involved in any identity theft so I do not know if I have to pursue. The only thing I noticed was I received numerous spam emails re: stock buy recommendation.

b.      The settlement amount indicated was so small that I don’t think it was worth it.

Do you think it is worthwhile to pursue this further? What are my options? FYI, I still have the same email address and mailing address as what was recorded with TD.”

Unfortunately, for an attorney to advise you on this they would need a whole lot more information, and they would need to have a background and expertise in both securities, and Internet security.  If you believe that you were injured (primarily financially) by the situation with TD Ameritrade to a greater extent than the settlement offered, then you should have a consultation with such an attorney.