Q: I read a more detailed US legal article on the TD money laundering scandal in NY/NJ and was quite disturbed. It has been a core holding of mine for a full decade. Thinking of taking it down from a full to a half position while the DOJ probe and further sanctions play out. Would you caution against this at this time (with damage already done to stock) or do you think its a prudent move?
5i Research Answer:
Please also reference this answer from today. We can't of course predict the outcome, nor the reaction to same, but based on our experience we would not sell into the recent decline.