Violation Tracker Individual Record
Company:
Ameriprise Financial Services, Inc.
Current Parent Company:
Ameriprise Financial
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 Business Oversight
Civil or Criminal Case:
civil
Facility State:
California
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.
