Still in the game: Ricketts family will remain active in TD Ameritrade, even after Cubs deal

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Still in the game: Ricketts family will remain active in TD Ameritrade, even after Cubs deal

By Associated Press

October 28, 2009 8:05 am ET

Buying the Chicago Cubs doesn't mean the Ricketts family will become less engaged in the brokerage Joe Ricketts helped found, TD Ameritrade.

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The Ricketts family officially became the Cubs' new owners Tuesday in an $845 million deal. Ameritrade CEO Fred Tomczyk said Tuesday he's seen no sign the Ricketts family has become any less interested in the Omaha-based company's future.

One of Joe Ricketts' sons, Tom -- who runs the Chicago-based bond shop Incapital LLC -- has been named chairman of the Cubs' board, which will include several Ricketts family members.

Both Joe Ricketts and his son Pete continue to serve on Ameritrade's board, and the family owns about 15 percent of the stock.

Toronto Dominion Bank is Ameritrade's biggest shareholder, with 45 percent of the stock.