Huffpost Politics

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

Posted: Updated:

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.

Also on The Huffington Post

Donors Giving $500,000-Plus To Super PACs
Share this
Current Slide

Suggest a correction

Around the Web

TD Ameritrade profit dips but beats forecast

TD Ameritrade profit tops view as expenses fall

  Obama Romney
Obama Romney
332 206
Obama leading
Obama won
Romney leading
Romney won
Popular Vote
33 out of 100 seats are up for election. 51 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats* Republicans
Current Senate 53 47
Seats gained or lost +2 -2
New Total 55 45
* Includes two independent senators expected to caucus with the Democrats: Angus King (Maine) and Sen. Bernie Sanders (Vt.).
All 435 seats are up for election. 218 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats Republicans
Seats won 201 234
Click for Full Results
Register To Vote