Basic Search  |  Summaries  |  Advanced Search

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: $983,984
Year: 2009
Date: October 28, 2009
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Ameriprise agreed to pay a $300,000 penalty, a $100,000 contribution to the state Investor Protection Trust, $50,000 in costs, and $533,984 in restitution in settlement of allegations it engaged in dishonest treatment of investment clients and failed to supervise two of its agents who were alleged to have committed multiple securities violations.
Level of Government: state
Action Type: agency action
Agency: Kentucky Department of Financial Institutions
Civil or Criminal Case: civil
Facility State: Kentucky
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.