TD Ameritrade founder sells 1.73 million shares, keeps 9.7% stake

By Lisa Kerner

Charlotte, N.C., Oct. 23 - TD Ameritrade Holding Corp. founder and director J. Joe Ricketts sold 1,725,790 shares on Aug. 25 through Aug. 27 at prices from $18.26 to $18.48 each, according to a schedule 13D/A filed on Friday with the Securities and Exchange Commission.

The shares were sold under a written trading plan adopted under rule 10b5-1, the filing said.

Ricketts beneficially owns 56,874,667 shares, or 9.7%, of the Omaha securities brokerage services and technology-based financial services company.

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