TD Ameritrade Acquiring Schwab Nightmare

You got it backwards. Schwab will acquire TD Ameritrade.

https://www.npr.org/2019/11/25/782632545/charles-schwab-to-b...

Good point! I just updated my post. I am much happier with Schwab than TD Ameritrade, but I still don't like acquisitions that harm consumers by reducing competition and choice.

I hope Schwab will replace TD Ameritrade's junk backend systems. I had major problems with TD Ameritrade where the email addresses ( I used to run a disposable email service, so I am paranoid about these things ) would immediately end up with spammers. The only logical explanation was that they had a live leak of their PII data, almost continuous leak.

In contrast, I have actually spoken to some Schwab security folks (random in-flight chat) and they seem to know what they doing - at least to the level you can expect from a bank.

If the reverse happens, I would be forced to move my money from Schwab to elsewhere. IMHO, only other company with a decent security is Vanguard.

I just hope they keep the ThinkOrSwim product alive. It's been a great platform for trading automation and development.

I wouldn't count on it.