Violation Tracker Individual Record

Company: 
Ameriprise Financial Services, Inc.
Current Parent Company: 
Ameriprise Financial
Penalty: 
$17,300,000
Year: 
2009
Date: 
July 10, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Ameriprise Financial Services, Inc. agreed to pay $17.3 million to settle allegations that it received millions of dollars in undisclosed compensation as a condition for offering and selling certain real estate investment trusts (REITs) to its brokerage customers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Minnesota
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.