RYPQX

992 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.

Enter Your Name and Submit to Sign

don't show my name
Add your public comments (optional):
View activity report
People signing this petition:     Browse all signers
It's been more than 6 years since our money was taken from us!!!! Is there an honest person left out there!!
These funds need distributed before attorney and bank fees use the remainder of the funds.
This matter is long overdue and the investors, who have already taken a beating from a fund that broke the dollar, must have their remaining funds released.
TD Ameritrade pushed hard RYPQX as a money market-like, safest way to keep your cash. Reserve management were just crooks. There were a clear collusion between the 2 entities. TD Ameritrade will never shake off the shady reputation until they resolve what amounts to at least a misrepresentation.
I read about a doctor going to jail for committing $1 million in Medicare fraud. The banksters caused billions......nobody in jail!
Misrepresentation and fraud to the highest degree. What really went on and was behind TDMT pushing this fund and selling it like a safe money market?so many questions, zero answers. I don't know how this will end but I'm sure those who are truly accountable (TDMT) will be laughing all the way to the bank. I'm not sure if I'm more upset as TDMT or myself for still having my accounts with them. Jerks.
I'm tired of seeing "825250103" aka RYPQX in my brokerage account. I'd almost rather it just disappeared so I wouldn't have to think about it anymore and I could just take the losses. The handling of this fund has been shameful.
These funds need distributed before attorney and bank fees use the remainder of the funds. It seems a bad deal just continues to get worse.
The notion that the principals of the Reserve Funds can and have retained residual investor monies to pay for their own legal costs is patently outrageous. Ditto, the amount of time (5 years and counting) that it is taking to declare RYPQX legally defunct. Regardless of whether investors see another dime, authorities need to resolve this matter ASAP so at least they can utilize their investment losses in RYPQX for tax purposes.