TD Ameritrade Lost Customers Over Founder Joe Ricketts' Proposed Anti-Obama Super PAC Campaign

07/18/2012 11:50 am ET

OMAHA, Neb. -- TD Ameritrade executives don't want the online brokerage linked to its founder's political activities.

Ameritrade CEO Fred Tomczyk (tom-ZICK) said Tuesday that the company lost some customers earlier this year when founder Joe Ricketts reportedly considered and then dropped a proposal to revive controversy over the relationship between President Barack Obama and his former pastor.

Tomczyk says the number of customers that left wasn't significant compared to Ameritrade's 5.74 million funded accounts.

Tomczyk says Ricketts' conservative political views don't reflect Ameritrade's views because the company generally stays out of politics.

Ricketts retired from Ameritrade's board last fall to focus on other interests, including his family's ownership of the Chicago Cubs. Ricketts' family still owns about 15 percent of Ameritrade's stock, and two of his sons serve on the board.

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