Grant White, portfolio manager, discusses TD bank's guilty plea in a U.S. money-laundering case totalling US$3.1B in penalties.
Grant White, an investment advisor and portfolio manager at IA Private Wealth, said in an interview with BNN Bloomberg Thursday that he has concerns about TD as a stock pick. Speaking to the anti-money laundering charges, White said that it’s “put a lot of red tape around growth” and the lender will now face far greater compliance and regulatory oversight.
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