Violation Tracker Individual Record
Company:
Ameriprise Financial Services, Inc.
Current Parent Company:
Ameriprise Financial
Penalty:
$1,250,000
Year:
2006
Date:
September 12, 2006
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Secondary Offense:
financial institution supervision failures
Violation Description:
Ameriprise agreed to pay a $1,250,000 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 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 of Data:
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.
