so anyone who that has owned TD Bank stock over the last little while I'm sure you've heard that they've run into some regulatory issues they were fined recently by finra uh governing body here in Canada $9.2 million for uh not going by or not having the best anti-money laundering or not following the anti-money laundering laws and we know all banks follow the laws but there have been things that have slipped through the cracks most recently at TD Bank and unfortunately uh things have happened where now The Regulators in the United States are looking at TD Bank in the US as well there was a drug moneya laundering uh event that went through in the United States in New York state and went through TD Bank we've heard not sure if this is true or not you know it went as far as actually bribing some of the TD Bank employees to get this uh money through to get the money laundering through and U right now there's an investigation going on the hope is that invest this investigation won't take too long to get the results of but um TD Bank shareholders uh people that work at the bank and really individual investors in general in in Canada uh are a little concerned because TD Bank when you think about the stock it's such a large company it's one of the largest companies in the country in Canada it's second largest bank in our country so like we saw for example back in the days of Nell when when Nortel uh sold off uh TD Bank is in so many mutual funds like Nell now I'm not going to say it's another Nell because we know what happened to Nell and I do not believe and I stress do not believe TD Bank will go the same way as Nell went but we could see some pretty big fines uh charged to TD Bank some people are talking about as much as2 billion in fines they also might be put into the Penalty Box and not allowed to do any deal in the United States which would be very uh troubling for the bank as we know TD Bank has made a number of Deals they actually have more branches in the United States than they have in Canada at this point in time so depending on what happens with this investigation into money laundering in the United States we could see TD Bank stock affected now if you're a shareholder what should you do well I'm a shareholder and I have done nothing as yet uh in fact for those that are looking to buy a name like TD Bank slightly cheaper because when this announcement about what was going on came out stock fell about 10 10 12% you could have picked up TD Bank on the cheap yields for their dividend actually shot up to about 5.6% for TD Bank stock I think their dividend is secure I'm not worried about that so I thought that when this news came out and I still think that based on what's going on that TD could be an opportunity to buy a good quality name at cheaper levels so as an investor if you own it I probably would recommend you continue to hold it see how everything plays out perhaps if things get worse for TD you could see the stock falling more so if you want to play it on the safe side maybe you want to wait before you buy the shares for those that want to get in thinking that maybe some good will or at least not the worst case scenario will happen maybe you buy TD Bank in front of the announcement so a lot of different ways to invest at this time in TD Bank but in my opinion uh I think it's still a good name it's a good name to own I've already been a buyer for some investors uh recently after the news came out buying the stock on the cheap and I will look to continue to buy for those investors that can handle this volatility going forward