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Violation Tracker Individual Record

Company: Ameriprise Financial Services, Inc.
Current Parent CompanyAmeriprise Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $1,000,000
Year: 2005
Date: December 5, 2005
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Ameriprise agreed to pay a $1,000,000 administrative penalty in settlement of allegations it failed to reasonably supervise its registered securities salesmen, leading to customers being defrauded.
Level of Government: state
Action Type: agency action
Agency: Arizona Corporation Commission
Civil or Criminal Case: civil
Facility State: Arizona
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.