1,000 Letters Sent So Far
As an investor in the Reserve Yield Plus Fund (RYPQX), I was pleased to hear of the recent court order adopting the SEC's distribution plan in the Reserve Primary Fund case. As you know, we (the investors) in the RYPQX Fund are still awaiting distribution of our remaining funds. In addition TD Ameritrade helped make the investors whole to cover the Lehman loss.
As our plight is in almost all ways similar to the Reserve Primary Fund, I am hereby requesting for the RYPQX fund a similiar order from the court as in the case of the Reserve Primary Fund. Such an order would give injunctive and other relief and a pro rata distribution of the remaining RYPQX assets as expeditiously as possible.
TD Ameritrade was the main force behind the RYPQX marketing to investors as a money market like fund with solid return. RYPQX turned out be nothing but a hoax and its been almost two years that over 4000 investor's money have been tied up by Reserve. TDAM has washed its hand off this deal and points to Reserve as the problem. Investors need accountability from both TDAM and Reserve funds in order to receive 100% of our money invested plus interest and penalty for holding money illegally beyond the sale of the Lehman shares. I appreciate prompt attention to this matter and request an immediate inquiry into the TDAM/Reserved relationship and the hardship to the RYPQX investors.