Ads
related to: how much does thinkorswim cost calculator payment for free- 401(k) and IRA Tips
Learn the differences.
Is it time to rollover your 401(k)?
- 13 Retirement Blunders
Retire at ease, avoid these errors.
Blunder #9: buying annuities.
- Contact Us
Do you have further questions?
Contact us to learn more.
- Truth About Annuities
Find out why Fisher Investments
recommends against annuities.
- Investments in Retirement
Find out some of the best ways
to invest to reach your goals.
- Retirement Income Guide
Discover how to make your
portfolio work for you!
- 401(k) and IRA Tips
webull.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
For premium support please call: 800-290-4726 more ways to reach us
Thinkorswim, Inc. was founded in 1999 by Tom Sosnoff and Scott Sheridan as an online brokerage specializing in options. [2] It was funded by Technology Crossover Ventures. [3] In February 2007, Investools acquired Thinkorswim. [4] In January 2009, it was acquired by TD Ameritrade in a cash and stock deal valued around $606 million.
Sosnoff, who spent 10 years as an options-market maker at the Chicago Mercantile Exchange, created Thinkorswim in 1999 and sold it this year to TD Ameritrade for more than $600 million.
In 2011, the company settled the SEC case and agreed to pay 1.2¢ per share of the Reserve Yield Plus Fund that was held by its customers, or $10 million in total. The Reserve Yield Plus made its final distribution in 2016 and investors received 97 to 98 cents per share in addition to compensation from TD Ameritrade.
In 2009, Thinkorswim was sold to TD Ameritrade for $750 million [9] and Sosnoff personally received $84 million from the sale. [10] In 2011, Sosnoff announced that $20 million in venture capital had been raised for his new company tastytrade. [ 9 ]
Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387