TD AMERITRADE Details Plans to Purchase Auction Rate Securities

OMAHA, Neb., Jul 20, 2009 (BUSINESS WIRE) -- TD AMERITRADE Holding Corporation (NASDAQ: AMTD) announced today that TD  AMERITRADE, Inc. will offer to purchase, at par, eligible auction rate securities (ARS) that were purchased through the firm by certain retail investors on or before Feb. 13, 2008, provided they were not transferred out of the firm before Jan. 24, 2006, resolving pending investigations into its sale of the securities.

"Given our financial strength and the ongoing illiquidity in the auction rate securities market, initiating a buy-back program of this nature is the right thing to do for our clients," said Fred Tomczyk, president and chief executive officer at TD AMERITRADE. "While our role in the market for these securities was significantly different from that of other financial institutions that have previously announced similar programs, we believe this is the best way for us to help clients who have been unable to find liquidity in the current market environment."

According to this program, which is expected to begin no later than Aug. 10, 2009, TD AMERITRADE will do the following:

• Extend a tender offer to purchase from current and former account holders ARS that were purchased through TD AMERITRADE on or before Feb. 13, 2008, provided they were not transferred away from the firm prior to Jan. 24, 2006. This offer will not extend to clients who purchased ARS through independent registered investment advisors or through another firm and transferred such securities to TD AMERITRADE.
• Complete the program in two phases, based on the amount of assets a client holds at TD AMERITRADE, and will use best efforts to complete all repurchases by March 31, 2010, but no later than June 30, 2010.
• Make whole any losses sustained by eligible clients who purchased ARS through the Company on or before Feb. 13, 2008 and sold such securities at a loss before the date of this announcement.
• Reimburse clients whose borrowing costs exceeded the amount they earned in interest or dividends from their eligible ARS at the time they borrowed money from the firm to satisfy liquidity needs.

The Company entered into settlement agreements with the Securities and Exchange Commission and state regulators, resolving their respective investigations related to the sale of ARS. No fine was imposed.

Individuals interested in this purchase offer can find more information about the program by visiting www.amtd.com and clicking on the "Auction Rate Securities" link, or by calling the firm's dedicated ARS service line at 800-454-4519, Monday through Friday, between the hours of 7:00 a.m. and 5:30 p.m. CDT.

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About TD AMERITRADE Holding Corporation

TD AMERITRADE Holding Corporation, through its brokerage subsidiaries,⁽¹⁾ combines innovative trading technology, easy-to-use and understand investment tools and services, investor education and superior client service to create a market-leading financial services experience. Now home to the award-winning thinkorswim trading platform⁽²⁾ and the Investools investor education program, TD AMERITRADE provides millions of retail investors, traders and independent registered investment advisors (RIAs) with the tools, service and support they need to help build confidence in today's rapidly-changing market environment. The Company's common stock trades under the ticker symbol AMTD. For more information, please visit www.amtd.com.

⁽¹⁾TD AMERITRADE, Inc., member FINRA (www.FINRA.org) /SIPC (www.SIPC.org), TD AMERITRADE Clearing, Inc., member FINRA/SIPC, and thinkorswim, Inc., member FINRA(www.FINRA.org) /SIPC (www.SIPC.org) /NFA (www.nfa.futures.org).

⁽²⁾thinkorswim was rated #1 overall online broker, "best for frequent traders," and "best for options traders" in Barron's ranking of online brokers, 3/16/2009. thinkorswim was evaluated versus others in eight total categories, including trade experience/execution, trading technology, usability, range of offerings, research amenities, portfolio analysis & reporting, customer service & access and costs. thinkorswim topped the list in 2009 with the highest weighted-average score. Barron's is a registered trademark of Dow Jones & Company ©2009.

SOURCE: TD AMERITRADE Holding Corporation

TD AMERITRADE Holding Corporation
For Media:
Kim Hillyer, 402-574-6523
Senior Manager, Communications
kim.hillyer@tdameritrade.com
or
For Investors:
Jeff Goeser, 402-597-8464
Director, Finance and Investor Relations
jeffrey.goeser@tdameritrade.com

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