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Violation Tracker Individual Record

Company: Ameriprise Financial Services, Inc.
Current Parent Company: Ameriprise Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $115,000
Year: 2018
Date: July 23, 2018
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Ameriprise agreed to pay $115,000 in settlement of allegations it failed to supervise sales of securities resulting in sales to unsuitable investors.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.