If you liked this bank before the news broke, he doesn’t think anything has changed. What was revealed in the news was not positive, but he wouldn’t be surprised to see any “for-profit” organization that didn’t have a conflict of maximizing sales versus taking care customers. The question is, what kind of policy does the company have to prevent that conflict and to resolve it. According to TD’s official statement, they do have a strong policy, they do investigate it and they do take care of it. He would look at this as a buying opportunity.
President, T.I.P. Wealth Management